A lease arrangement may impose certain restrictions on the use of assets.

True

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False

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Solution

The correct option is A
True

True. A lease arrangement may impose certain restrictions on the use of assets. For example, it may not allow the lessee to make any alteration or modification in the asset.

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Similar questions

A lease is a ____ agreement whereby one party, i.e. the owner of the asset, grants the other party the right to use the asset in return for a periodic payment.

In lease financing, the owner of the assets is called the __________ while the party that uses the assets is known as the ______________.

Q. The lessee pays a _________ periodic amount called lease rental to the lessor for the use of the asset.

Q. Which of the following can impose quota restrictions on imports?

Under the lease agreement, the lessee gets the right to

(a) Share profits earned by the lessor

(b) Participate in the management of the organisation

(d) Sell the assets

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A lease arrangement may impose certain restrictions on the use of assets.

The correct option is A True True. A lease arrangement may impose certain restrictions on the use of assets. For example, it may not allow the lessee to make any alteration or modification in the asset.

The correct option is A
True

True. A lease arrangement may impose certain restrictions on the use of assets. For example, it may not allow the lessee to make any alteration or modification in the asset.