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Under Article 2A of the UCC,a Consumer Lease Is Defined

Question 54

Multiple Choice

Under Article 2A of the UCC,a consumer lease is defined as:


A) Any lease involving goods leased to a consumer primarily for personal,family,or household purposes.
B) A lease involving goods leased to a consumer primarily for personal,family,or household purposes where the amount of the lease is $25,000 or less.
C) Any lease where a consumer is either the lessee or the lessor and the amount of the lease is $500 or more.
D) Any lease,whether or not the parties are consumers,where the goods being leased are consumer goods.
E) Any lease,3 years or less in duration,involving goods leased to a consumer primarily for personal,family,or household purposes.

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