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A ______ Lease Is a Lease That (1)has a Value

Question 22

Multiple Choice

A ______ lease is 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.


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

Correct Answer:

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