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UCC ' 1-203: A Few Lesser (and Not Always Lessor) Known Pitfalls

This article discussed the unexpected (and, for a lessor, sometimes unfortunate) consequences that can result by not understanding all the nuances of UCC ' 1-203.

25 minute read April 28, 2010 at 12:17 AM
By
Michael J. Witt
UCC ' 1-203: A Few Lesser (and Not Always Lessor) Known Pitfalls

Can a lease with a 10% purchase option ever not be a true lease? Most lessors know the answer is “yes.” A simple three-year forklift lease is a good example.

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