When a lessee in possession of the goods is in breach,when may a lessor reclaim goods according to UCC 2A-5252)?
A)When the lessee fails to make payments according to the lease terms
B)When the lessor discovers a significant reduction in the lessee's credit score
C)When the lessor discovers the lessee is insolvent
D)When the lessee has received at least 10 days prior notification of reclamation
E)When the lessor can establish a valid contract for actual purchase of the goods

Question

Quizplus · Accepted Answer

A)UCC 2A-5252)allows a lessor to reclaim goods when the lessee fails to make
payments according to the lease terms.
B)UCC 2A-5252)allows a lessor to reclaim goods when the lessee fails to make payments according to the lease terms.
C)UCC 2A-5252)allows a lessor to reclaim goods when the lessee fails to make payments according to the lease terms.
D)UCC 2A-5252)allows a lessor to reclaim goods when the lessee fails to make payments according to the lease terms.
E)UCC 2A-5252)allows a lessor to reclaim goods when the lessee fails to make payments according to the lease terms.

When a Lessee in Possession of the Goods Is in Breach,when