A ________blank transfers the right to possess and use goods for a term in exchange for consideration.Multiple Choiceleaseloan of goodssale on approval contractsale or return contract

Under Article 2(A) of the Uniform Commercial Code (UCC), "a transfer of the right to possession and use of goods for a term in return for consideration" is a(n) ________blank.Multiple Choicesale of goodsleaseassignmentdelegationconsignment

A person who transfers the right to possession and use of goods under a lease is known as a: Blank______.Multiple choice question.customerthird partylesseelessor

Goods are delivered to a buyer primarily for resale with the understanding that the buyer has the right to return them in a(n) _____ contract.Multiple choice question.requirementoutputsale or returnsale on approval

Three provisions of a sale on approval contract include ________. (Choose three correct answers.)Multiple select question.A buyer is given the opportunity to examine or try the goods so as to decide whether to accept them.Goods are delivered to a buyer primarily for resale with the understanding that the buyer has the right to return them.Any use of goods that is consistent with a trial of the goods is not an acceptance.A buyer who fails to give reasonable notice of an intent to return goods may be held to have rejected them.Risk of loss and title to goods do not pass to a buyer until the buyer accepts the goods.

A person who acquires the right to possession and use of goods under a lease is known as a(n): Blank______.Multiple choice question.third-party beneficiarylessorincidental beneficiarylessee