In Leases,who Is Most Likely to Carry the Insurance and Bear

question 52

Multiple Choice

In leases,who is most likely to carry the insurance and bear the cost of maintenance and repairs?

• A)In operating leases,it would be the lessee.
• B)In a finance lease,this is done by the lessor.
• C)In a three-year automobile lease,it would be the lessor.
• D)These are usually the responsibility of the lessor in purchase leases.
• E)In purchase leases,it would be the lessee.