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Where the stables also house a riding school or hireling operation, some operators may also offer a "working livery" (UK) or "partial lease" (US), where the horse owner pays a discounted rate (or no money at all) for their own horse's care in return for the riding school being able to offer the horse to paying customers other than the owner.
The creditor's rights against the debtor and the lessor's rights against the lessee are based on the credit documents and the lease, respectively, and not the financing statement. Pursuant to the standards set forth in the UCC, at 9-503 and 9–504, the financing statement need only contain three pieces of information: the debtor's name and address
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
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