Which of the following statements is not true about a finance lease as defined in Article 2A of
the UCC?
A) Once the lease term begins, the seller generally is no longer involved in the transaction.
B) The lessor is usually not involved in manufacturing or supplying the goods to the lessee.
C) A finance lease results in the title being transferred from the seller of the goods to the
lessor.
D) A finance lease is a two-party transaction where the lessor sells the goods to the lessee
and provides the financing of the goods.
D
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Indicate whether the statement is true or false
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A. appendix B. executive summary C. cover letter D. title page
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a. True b. False Indicate whether the statement is true or false
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