The Uniform Commercial Code Defines a Lease as _____

Multiple Choice

The Uniform Commercial Code defines a lease as _____.

A) that which is movable at the time of identification to the contract for sale other than the money in which the price is to be paid
B) a transfer of the right to possession and use of goods for a term in return for consideration
C) a transaction in which the owner-debtor gives a security interest in collateral to a creditor
D) a transfer of possession but not title or use
E) a transfer of title without consideration