Asked by
Antonio Aiello
on Nov 27, 2024
Verified
Curt enters into a contract with Drivers Lease Company for a three-year lease of a car. This contract is subject to
A) Article 2 of UCC.
B) Article 2A of the UCC.
C) none of the choices.
D) the common law only.
Three-Year Lease
A rental agreement that lasts for exactly three years, often used in real estate for residential or commercial properties.
Article 2A
A section of the Uniform Commercial Code that covers leasing agreements, setting forth the laws governing leases of personal property.
Drivers Lease Company
A concept that might refer to businesses offering lease agreements for vehicles, specifically targeting drivers for personal or commercial use, though "Drivers Lease Company" as a specific term may not be widely recognized.
- Acquire knowledge about the significance of the UCC in goods leasing scenarios and sort transactions based on this understanding.
Verified Answer
MA
Learning Objectives
- Acquire knowledge about the significance of the UCC in goods leasing scenarios and sort transactions based on this understanding.