In lease transactions, which document typically serves as evidence of delivery and acceptance of the equipment?

• A. Tax invoice.
• B. Delivery and acceptance certificates.
• C. Insurance binder.
• D. Warranty statement.

Answer: (B)

The key idea is to have a formal record that proves the equipment was physically delivered and the lessee has inspected and agreed it meets the contract terms. A delivery and acceptance certificate serves exactly this purpose. It documents the equipment details (type, model, serial numbers), the delivery date and location, the observed condition, and includes sign-offs from both parties. Once signed, it often marks the start of the lease term and the point at which risk of loss and payment obligations begin.

Tax invoices are about billing and taxes, not confirming delivery or acceptance. An insurance binder shows coverage, not delivery status. A warranty statement covers post-delivery protections, not the act of delivering or accepting the equipment.