Which of the following is not true about a consumer lease under UCC Article 2A?
A) The lessor must be regularly engaged in the business of leasing or selling goods.
B) The lessee cannot be an organization.
C) There is no dollar limit on the amount of a consumer lease under Article 2A.
D) Consumer protection provisions are contained in Article 2A, and these may not be varied by the parties' agreement.

Question

Quizplus · Accepted Answer

Under UCC Article 2A, there is a dollar limit on the amount of a consumer lease, which is typically set to distinguish consumer leases from commercial leases.

Which of the Following Is Not True About a Consumer