A Lease of Goods Can Have the Same Financial Characteristics

True/False

A lease of goods can have the same financial characteristics as a secured loan to finance the acquisition of an asset.The interest in the asset held by the lessor, in the case of the lease, or the secured lender, in the case of a secured financing, secures the payments required to be made.For this reason, all leases of personal property must be registered under provincial personal property security laws regardless of whether they create a security interest.