The correct answer is option d. Article 2A of the UCC.
Leasing of products has been a common practice for centuries, but until the 1987 addition of Article 2A to the Uniform Commercial Code, there was no comprehensive body of law to guide attorneys and courts in understanding these agreements. Even now, more than 20 years after Article 2A was initially approved, many people are still confused about how it functions. This significant amendment to the Code and how it affects transactions like leasing of airplanes or other types of capital equipment are not well known to practitioners. This handbook will provide a clear, accessible introduction to Article 2A for attorneys representing lessors, lessees, and other parties such as lenders and equipment suppliers who are engaged in lease transactions.
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