Asked by
Grant Jackson
on Nov 07, 2024
Verified
The owner of an asset in a leasing arrangement is called the _____________.
A) lessee
B) lessor
C) guarantor
D) trustee
E) manager
Lessor
The party in a lease agreement who owns the leased asset and grants the lessee the right to use that asset in exchange for periodic lease payments.
- Learn the distinctions in roles and responsibilities across various lease arrangements.
Verified Answer
AT
Learning Objectives
- Learn the distinctions in roles and responsibilities across various lease arrangements.