The most popular form of automobile lease is the one in which at the end of its term the lessee simply turns in the car (assuming the preset mileage limit has not been exceeded and the car hasn't…

The correct answer is D. Both A and C. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

The most popular form of automobile lease is the one in which at the end of its term the lessee simply turns in the car (assuming the preset mileage limit has not been exceeded and the car hasn't abused)

Options

AClose-end lease
BOpen-end lease
CWalk away lease
DBoth A and C

How the community answered

(38 responses)

A
5% (2)
B
11% (4)
C
3% (1)
D
82% (31)

Topics

#closed-end lease#walk-away lease#automobile lease#lease termination

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