Which of the Following Statements Is True of a Lease

question 41

Multiple Choice

Which of the following statements is true of a lease?

• A) It is a transfer of the ownership of goods from one merchant to another.
• B) It is a transfer of the right to possess and use goods belonging to another.
• C) It is governed exclusively by Article 2 and Article 9 of the Uniform Commercial Code.
• D) It is governed by the same principles of common law that predominantly govern the sale of goods.