Skyscape LLC regularly engages in the business of leasing construction equipment, primarily to commercial contractors. Tilde,...
Skyscape LLC regularly engages in the business of leasing construction equipment, primarily to commercial contractors. Tilde, a consumer, leases a backhoe from Skyscape to landscape the property at her home. The price is less than the amount set by state statute. Under the UCC, the deal with Tilde is
|
a. |
a commercial lease. |
|
|
b. |
a consumer lease. |
|
|
c. |
a construction lease. |
|
|
d. |
none of the choices. |
Homework Answers
b. a consumer lease
Majorly there are three elements in a consumer lease
- lessor regularly engages in business of leasing and selling
- a lessee who leases the goods primarily for a persona, family or household purpose
- total lease payments that are less than $25,000
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Read below and answer, Why does a business that has profit of
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Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
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following questions :
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to Dave Verden on the analysis of Jones’ financing needs?
2 – What metrics could you use to compare the historical financial
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3 – Other than financing needs, what other issues should Jones
address as he considers the different growth
scenarios?...
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