A Lease That (1) Has a Value of $25,000 or Less

Multiple Choice

A lease that (1) has a value of $25,000 or less and (2) exists between a lessor regularly engaged in the business of leasing or selling and a lessee who leases the goods primarily for a personal, family, or household purpose, is called a ________ lease.

A) Finance
B) Consumer
C) Regulated
D) Commercial
E) Retail