Asked by Shilpa Heald on Jul 20, 2024
Verified
Which of the following articles of the Uniform Commercial Code governs lease contracts?
A) 2
B) 2(A)
C) 4
D) 4(A)
E) 6
Lease Contracts
Agreements in which one party (the lessor) grants another party (the lessee) the right to use property, equipment, or facilities for a specified time in exchange for payment.
- Identify the range and uses of different sections in the Uniform Commercial Code, particularly those concerning goods and leases.
Verified Answer
HN
Huy?n Nguy?nJul 23, 2024
Final Answer :
B
Explanation :
Article 2(A)of the Uniform Commercial Code governs lease contracts.
Learning Objectives
- Identify the range and uses of different sections in the Uniform Commercial Code, particularly those concerning goods and leases.