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LJN's Equipment Leasing Newsletter

Volume 29 - Number 8 | September 2010

September issue in PDF format


When Is a Lease of Personal Property a ‘True Lease’?
By Alan M. Christenfeld and Barbara M. Goodstein
Just because a document is labeled a lease may not make it so under commercial law. One of the more heavily contested issues under the Uniform Commercial Code is whether an agreement transferring use and possession of personal property from one party to another is actually a lease as opposed to a sale subject to a security agreement.

What’s New in the Law
By Robert W. Ihne
Highlights of the latest equipment leasing law.

New Contract Requirements in Louisiana
By Sharon Morris
Recently, Louisiana enacted legislation to regulate automatic renewal clauses in contracts to provide that any contract that automatically renews if the consumer fails to cancel it must disclose the automatic renewal clause clearly and conspicuously and include clear and conspicuous language describing how to cancel the contract.

Ten Commandments for a Successful Loan Workout
By Andrew Flame
Businesses of all sizes will find themselves having difficult discussions with their lenders regarding loans in default or which will be maturing and for which the real estate and other collateral provide questionable value as security. This article provides "rules" that should help.

In the Marketplace
Highlights of the latest equipment leasing news from around the country.