Central Rents, Inc. v. Johnson (In Re Johnson)

How courts have described this case

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

• finding that a month to month \rent-to-own\ contract was not a security interest under Georgia law because the debtor could cancel the lease at any time and because the lease's original term was not greater than the remaining life of the rented items
• finding a rent-to-own agreement was not a “credit sale” merely because debtor was obligated to pay three months since this minimum payment period did not rise to the level of a penalty under Regulation Z

Source: CourtListener parenthetical corpus (CC0).