15 Questions
Which type of contract is the financial leasing contract?
Consensual contract
What is the nature of the financial leasing contract?
Financial nature
What does the lessor aim to recover in the financial leasing contract?
Capital invested and expected profit margin
On what does the termination of the financial lease contract depend?
Performance by either party
What does the lessor obtain in the financial leasing contract?
Compensation
Which characteristic distinguishes the financial leasing contract as a consensual contract?
It is concluded once there is an offer and acceptance
What distinguishes the financial leasing contract as a financing contract?
It is characterized by its financial nature
What makes the financial leasing contract a profitable contract?
The lessor aims to recover the entire capital invested in the contract, in addition to the expected profit margin
How does the financial leasing contract demonstrate it is a personal contract?
It depends on the legal personality of the two parties
What characterizes the financial leasing contract as a binding contract?
The contract is terminated by either party if the other party doesn't comply
Which characteristic of the financial leasing contract makes it a consensual contract?
It is considered a consensual contract because it is concluded once there is an offer and acceptance
What distinguishes the financial leasing contract as a financing contract?
It is distinguished as a financing contract due to its financial nature and unconventional means of financing medium- and long-term investments
How does the financial leasing contract demonstrate it is a personal contract?
It demonstrates being a personal contract by depending on the legal personality of the two parties, the lessor and the lessee
What characterizes the financial leasing contract as a binding contract?
It is characterized as a binding contract because both the lessor and lessee have to comply with the terms
What does the lessor aim to recover in the financial leasing contract?
The lessor aims to recover the entire capital invested in the contract, in addition to the expected profit margin
Test your knowledge on the characteristics of financial leasing contracts and sublease contracts with this quiz. Explore the consensual and financial nature of financial leasing contracts, as well as the details of sublease contracts.
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