Miranda Airways,a commercial air carrier,has a contract with Wurtherton,Inc.,an airplane manufacturer,to purchase a new plane.Due to a sudden shortage of cash,Miranda Airways goes to MetrosBank.MetrosBank issues a document to Wurtherton that if Miranda does not pay for the transaction,MetrosBank would.Wurtherton considers the offer,and then sends an acceptance with additional terms.The additional terms stipulates that Miranda Airways could have the new airplane for a period of 10 years,and then return it to Wurtherton.Miranda Airways agrees to the acceptance,and Wurtherton hands the new airplane over to them.What is the nature of the contract between Miranda Airways and Wurtherton?

Question

Quizplus · Accepted Answer

The additional term of returning the plane after 10 years indicates that this is a lease agreement rather than a sale of goods. Hence, the best choice is B. The bank's involvement through the document also suggests that this is not an option contract or a counteroffer.

Miranda Airways,a Commercial Air Carrier,has a Contract with Wurtherton,Inc