LEASING AS A FORM OF FINANCING
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Lease is defined as an agreement where by the lessor conveys to the lessee in return for rent the right to use an asset for an agreed period of time. Most writers believe that equipment leasing started in 1977, the year that bell telephone first rented in the united state. It is however clear from history and decided cases in the British House of ...
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