Which document is signed by the lessee indicating unconditionally accepted the equipment and that the contract can commence?

• A. Delivery and Acceptance Certificate
• B. Corporate Resolution
• C. Real Estate Waiver
• D. Invoice

Answer: (A)

The key idea is capturing the moment when the lessee formally accepts the delivered equipment and the lease term can begin. The Delivery and Acceptance Certificate serves this purpose: it is signed by the lessee to confirm that the equipment has been delivered, inspected, and accepted without reservation. This unqualified acceptance triggers the start of the lease term and the associated obligations, such as payment and service commitments. It typically records details like the equipment description, serial numbers, delivery date, and condition at acceptance, making the contract enforceable from that point.

The other documents don’t fit this role. A corporate resolution is about authorizing a signatory to act for a company, not about accepting goods or starting the contract. A real estate waiver relates to rights tied to real property and has no bearing on equipment acceptance. An invoice is simply a request for payment and does not prove acceptance or commence the lease.