Sally's Concrete signs a five-year "lease" for office computers and laptops that gives Sally's an option to become the owner of the computers and laptops at the end of the five-year period at no additional charge. Does Sally's Concrete have a lease or a security interest?

Question

Quizplus · Accepted Answer

The Answer of Sally's Concrete signs a five-year "lease" for office computers and laptops that gives Sally's an option to become the owner of the computers and laptops at the end of the five-year period at no additional charge. Does Sally's Concrete have a lease or a security interest?

Sally's Concrete Signs a Five-Year "Lease" for Office Computers and Laptops