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.
Correct Answer:
Verified
Q44: Regarding differences under the UCC in the
Q45: Where a contract for the sale of
Q50: Under the UCC,if a purported acceptance to
Q51: Which of the following is true relating
Q52: An order or other offer to buy
Q53: For the firm offer rule to apply,who
Q53: Where the offeror is a merchant and
Q55: If the time,place,and manner of delivery of
Q56: Under Article 2 of the UCC,a contract
Q58: Under UCC 2-206(1)(b),an accommodation:
A)Neither applies to merchants
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents