Leases of personal property exceed $100 billion annually and are governed by Article 2A of the UCC.

Name: Leases of personal property exceed $100 billion annually and are governed by Article 2A of the UCC.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

Article 2A of the Uniform Commercial Code (UCC) specifically governs leases of personal property, and the leasing industry is indeed a significant sector with transactions exceeding $100 billion annually.

Leases of Personal Property Exceed $100 Billion Annually and Are