A ______ lease is a lease that (1)has a value of $25,000 or less and (2)exists between a lessor regularly engaged in the business of leasing or selling and a lessee who leases the goods primarily for a personal family,or household purpose.
A) Finance
B) Consumer
C) Regulated
D) Commercial
E) Retail

Question

Quizplus · Accepted Answer

A consumer lease is a lease (1) that has a value of $25,000 or less and (2) that exists between a lessor regularly engaged in the business of leasing or selling and a lessee who leases the goods primarily for a personal, family, or household purpose.

A ______ Lease Is a Lease That (1)has a Value