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  3. Study Set
    Business Law
  4. Exam
    Exam 17: Introduction to Sales and Leases
  5. Question
    A Consumer Lease Is Used When a Lessor Leases Goods
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A Consumer Lease Is Used When a Lessor Leases Goods

Question 2

Question 2

True/False

A consumer lease is used when a lessor leases goods to an individual, primarily for personal, family, or household purposes, where total lease payments are less than $25,000.

Correct Answer:

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