The Party Who Owns a Leased Asset Is Called The

question 61

Multiple Choice

The party who owns a leased asset is called the:

• A)lessee.
• B)lessor.
• C)guarantor.
• D)trustee.
• E)manager.

---

Definitions:

Personal Traits

Enduring characteristics or qualities that describe an individual's behavior across different situations.

Social Relationships

Connections between individuals in a society structured around mutual interests, shared activities, roles, and social expectations.

Uncertainty-Identity Theory

A social psychological theory suggesting that individuals join and strongly identify with groups to reduce feelings of uncertainty about themselves and the world.

Social Norms

Unwritten rules that govern the behavior of individuals within a society or group, dictating what is considered acceptable or unacceptable.