Rio Engineering Corporation pays PC Technologies,Inc.,$1,000 to use a com?puter for a month.For purposes of the UCC,this is
A)a crime.
B)a consignment.
C)a lease.
D)a sale.

Question

Quizplus · Accepted Answer

The transaction between Rio Engineering Corporation and PC Technologies, Inc. is a lease, as it involves the temporary use of a computer for a specific period in exchange for a payment. This falls under the definition of a lease as defined by the Uniform Commercial Code (UCC). Therefore, options A, B, and D are not applicable in this scenario.

Rio Engineering Corporation Pays PC Technologies,Inc