In Re Architectural Millwork of Virginia, Inc.

How courts have described this case

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

• $9,625.00 residual value was not nominal consideration for a Freightliner, finding arrangement to be a true lease
• a residual value that is approximately equal to anticipated fair market value indicates that the debtor would not acquire an equitable interest in the vehicle, and that the agreement was in fact a true lease

Source: CourtListener parenthetical corpus (CC0).