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In a finance lease, the lessee (the person leasing the asset) assumes most of the risks and rewards associated with ownership of the asset. This is because the finance lease is structured in a way that resembles a loan, with the lessee making regular payments to the lessor (the person who owns the asset) in exchange for the use of the asset. The lessee is responsible for maintaining the asset, insuring it, and paying any taxes associated with its use. At the end of the finance lease term, the lessee may have the option to purchase the asset at a predetermined price. In contrast, in an operating lease, the lessor assumes most of the risks and rewards associated with ownership of the asset. The lessee typically pays a rental fee to the lessor for the use of the asset, but the lessor remains responsible for maintaining the asset, insuring it, and paying any taxes associated with its use. At the end of the operating lease term, the lessee typically returns the asset to the lessor, with no option to purchase it at a predetermined price. Overall, finance leases and operating leases have different characteristics and are used for different purposes, depending on the needs and goals of the parties involved.
Select the correct indirect/direct speech for the given sentence
Father said to son, “ what time do the schools open and close?”
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Kishore said “I’m leaving now.”
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He told me that he had a tough time locating my house.
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She said to him, “I don’t want to go there.”
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I told them to be quiet.
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He exclaimed with regret that he had behaved very rudely with h...
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Mother said to me, “Will you help me in cleaning the house?”
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She exclaimed that I was wearing an exquisite ring.
The guide said to the tourists, "This will be the best day of your life."
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My neighbour enquired how my father was.