Delivery and Acceptance Certificate is signed by the lessee indicating what?

• A. Signed by the lessee indicating the equipment is received, installed, and working properly
• B. Signed by the vendor indicating payment terms
• C. Signed by the landlord indicating property ownership
• D. Signed by the secretary indicating authorization

Answer: (A)

The Delivery and Acceptance Certificate centers on the lessee confirming that the asset has been delivered, installed, and is functioning properly. When the lessee signs this document, they are acknowledging receipt and acceptance of the equipment in the condition described by the contract. This signature often marks the point at which the lease terms commence, warranties begin, and any payment milestones are triggered, since the asset is now deemed ready for use.

The other options don’t fit because a vendor’s signature would pertain to payment terms rather than acceptance of delivery, a landlord’s signature would reflect property ownership, and a secretary’s signature would indicate general authorization rather than actual acceptance of the asset.