Multiple Choice
In the Carter v. Tokai Financial Services, Inc. case, the agreement was found to:
A) fit within the definition of a secured transaction.
B) be governed by UCC Article 9.
C) be for an initial term of five years, which ARC had an option to renew for nominal consideration.
D) be a true finance lease.
Correct Answer:
Verified
Correct Answer:
Verified
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