Federal Case

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that lease was true lease, rather than security instrument in disguised sale, where lessee was obligated to return leased equipment at lease's end if it decided not to invoke purchase option, but had no obligation to exercise option to purchase property
• Lessor’s retention of title and failure to make UCC-1 filing “refutes the contention of a masked sale.”
• Taxes, insurance, and maintenance are responsibilities commonly shouldered by lessees.

Source: CourtListener parenthetical corpus (CC0).