Examlex
When resolving conflict-of-law problems some courts have determined that the law of the state having the "most significant" interest should apply. Suppose an airplane crashes in South Carolina, injuring all four persons aboard. If the airplane manufacturer is in Texas, the plane left from Texas to go to Virginia, and all four of the injured parties are from Texas, an attorney for the pilot of the plane, hoping to keep the case in Texas, should argue that:
Consumer Lease
is a contract where an individual leases goods for personal, family, or household purposes for a set period of time.
Personal Use
The use of a product, service, or property for an individual's private and non-commercial purposes.
Lessor
The party in a lease agreement who owns the property being leased out to another party, known as the lessee.
Finance Lease
A type of lease arrangement where the lessee assumes both the financial risks and rewards of asset ownership, typically involving long-term and non-cancellable terms.
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