Which of the Following Is Not a True Statement Regarding

question 36

Multiple Choice

Which of the following is not a true statement regarding the legal remedies available to lessors in the event of lessee default?

• A)The lease is significantly different from other debt arrangements.
• B)The lessee is not liable for future lease payments.
• C)The lease is considered unilaterally unperformed.
• D)The lessor must first mitigate the loss of rents by selling the asset or leasing it again.