Question: What is the primary difference between a lease and a sale of goods or property? A lease transfers full ownership of the goods or property
What is the primary difference between a lease and a sale of goods or property?
A lease transfers full ownership of the goods or property to the lessee, while a sale only grants temporary use.
A lease involves a temporary right to use goods or property for a specific period, whereas a sale transfers permanent ownership to the buyer.
A lease allows the lessor to reclaim the property at any time, while a sale prevents any future claim by the seller.
A lease requires the lessee to make a single payment, while a sale involves multiple payments over time.
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