Which of the Following Is Not True About a Consumer

question 67

Multiple Choice

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

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

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Definitions:

Total Variable Costs

The sum of all costs that vary with output level, including costs for raw materials, labor, and other expenses that increase with production.

Output Increases

A situation in which the quantity of goods or services produced in an economy rises.

Production Technique

The method or process used by businesses to produce goods or services, which can vary in efficiency, cost, and quality.

Price of Labor

The wage rate or the amount of compensation workers receive in exchange for their labor.