Quiz 4 help

[Amanda Korbutiak]

Hello,

I'm terribly stuck on this question that seems so obvious, but now I'm second guessing myself. I've revied pages 341-342 multiple times and listened to audio lecture 8.2 a few times and I just am stumped....... I'd love some advise on the below quiz question! Thanks a million!
~Amanda

Which of the following statements correctly describes a security lease? Answer

		The lease is meant to protect the owner’s financial investment in the chattel.
		The owner intends to retake possession of the chattel when the lease terminates.
		The lease is meant to protect the third party’s financial investment in the chattel.
		The third party intends to retake possession of the chattel when the lease terminates.

[liliana.cavalheiro]

This is the correct answer: 

[Amanda Korbutiak]

Thanks a ton! I was thinking that, but then another answer was nearly quoted word for word in some module notes I have.... but CGA likes to trick us!

Thanks again so much! :)

On Tue, Jul 31, 2012 at 9:46 PM, liliana.cavalheiro <liliana.c...@gmail.com> wrote:

This is the correct answer: 

The lease is meant to protect the owner’s financial investment in the chattel.

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