QEF's Consulting Services' Web site at www.leasingcanada.com has information about leasing in Canada. Click on LeaseGuide and

Question:

QEF's Consulting Services' Web site at www.leasingcanada.com has information about leasing in Canada. Click on "LeaseGuide" and then on "Lease Glossary." Identify the terms that deal with the possibility of terminating (or not terminating) a lease. Likewise, identify the various ways the asset can be disposed of at the end of lease.