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When Is a Lease of Personal Property a 'True Lease'?

This article discusses the advantages and disadvantages of a "true lease" versus a security agreement, the legal considerations in determining how an agreement should be characterized under the UCC, and some interesting recent decisions in this area.

31 minute read July 28, 2010 at 11:45 AM
By
Alan M. Christenfeld and Barbara M. Goodstein
When Is a Lease of Personal Property a 'True Lease'?

Just because a document is labeled a lease may not make it so under commercial law.

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