Which of the Following Statements Is Not True About a Finance

Multiple Choice

Which of the following statements is not true about a finance lease as defined in Article 2A of the UCC?

A) A finance lease is a two-party transaction where the lessor sells the goods to the lessee and provides the financing of the goods.
B) A finance lease results in the title being transferred from the seller of the goods to the lessor.
C) The UCC covers all finance lease transactions regardless of the dollar amount of the lease.
D) Once the lease term begins,the seller generally is no longer involved in the transaction.
E) The lessor is usually not involved in manufacturing or supplying the goods to the lessee.