Which of the Following Is Not True About a Consumer

question 34

Multiple Choice

Which of the following is not true about a consumer lease under UCC Article 2A?

• A) The lessor must be regularly engaged in the business of leasing or selling goods.
• B) The lessee cannot be an organization.
• C) There is no dollar limit on the amount of a consumer lease under Article 2A.
• D) Consumer protection provisions are contained in Article 2A, and these may not be varied by the parties' agreement.

---

Definitions:

1920s

A period of ten years marked by significant economic growth and a vibrant cultural scene in the United States, commonly known as the "Roaring Twenties."

Last Recession

The most recent period of significant decline in economic activity across the economy, lasting more than a few months.

Summer 1991

Denotes a specific time period, often remembered for significant events or developments occurring during those months of 1991.

President

The elected head of a republican state or the chief executive officer in certain other organizations, responsible for implementing and enforcing laws and policies.