45. The UCC says that a lessee’s obligations under a commercial finance lease a.
ID: 2532506 • Letter: 4
Question
45. The UCC says that a lessee’s obligations under a commercial finance lease
a.are the same as under any other type of lease.
b.are irrevocable and independent from the financer’s obligations.
c.depend on the total monetary obligation owed by the lessee.
d.can be disclaimed by the lessee if done promptly.
47.A contract made as the result of undue influence
a.is voidable.
b.void
c.is enforceable because undue influence is not part of contract law.
d.is void if the contracting party subject to undue influence is a minor.
Explanation / Answer
45)
Answer is:
b.are irrevocable and independent from the financer’s obligations.
As per Uniform Commercial Code (UCC), The rental payments under the equipment lease are irrevocable and independent obligations that will be paid not withstanding any defenses the lessee may have against the vendor, the equipment lessor or any other party.
47)
Answer is:
a.is voidable.
Where it is established that a complainant (Prosecutor) was convinced to enter into a contract or transaction by the undue influence of the defendant, the contract may be rendered voidable.
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