HPSC, Inc. v. Wakefield (In Re Wakefield)

How courts have described this case

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

• option price which is 10% of rental payments considered significant in determining that option price is nominal
• “[I]f the lessee is bound for the entire term of the agreement and if any one of the requirements of subparagraphs (a), (b), (c), or (d) are [sic] met, then the court’s inquiry ends and the transaction is deemed to have created a security interest.”
• ten percent option price was nominal

Source: CourtListener parenthetical corpus (CC0).