Non-cancellation: If a lease includes a non-cancellation clause, which of the following is true?

• A. The Lease May Not Be Canceled Unless The Lessor Agrees In Writing; Returning Equipment Does Not Excuse Payments
• B. The Lessee May Cancel Anytime By Returning the Equipment
• C. The Lessor May Cancel At Will
• D. The Lease Automatically Terminates On Delivery

Answer: (A)

Non-cancellation means the lease stays in force for its full term unless both sides agree in writing to end it. Because of that, returning the equipment doesn’t excuse the lessee from continuing to make payments. The obligation to pay remains unless the lessor signs a written agreement to terminate. This is why the correct understanding is that the lease may not be canceled unless the lessor agrees in writing, and returning equipment does not excuse payments. The other scenarios—cancellation by the lessee simply by returning the equipment, cancellation at will by the lessor, or automatic termination on delivery—would bypass this binding commitment.