Under the UCC what is the difference between a sale and an ordinary lease?
A) In a sale the buyer gets the right to possess the goods for a period of time, but in a lease the title passes to the lessor.
B) In a sale the title passes to the buyer, but in a lease the lessee receives the right to possession and use for a period of time.
C) In a sale, the title only passes to the buyer, if the buyer is a merchant; and in a lease the right to possession passes to the lessor even if the lessor is not a merchant.
D) In a sale, the title passes to vendor and in a lease the supplier receives the right to possession and use.
E) In a sale the buyer has a right to possession and use for a period of time, but in a lease the title passes to the vendor.

Question

Quizplus · Accepted Answer

In a sale, the title to the goods passes from the seller to the buyer, while in an ordinary lease, the lessor retains the title to the goods and only grants the lessee the right to possess and use them for a specific period of time.

Under the UCC What Is the Difference Between a Sale