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Del-Maur Farms, Inc., Ch. 12, BK10-42168-TJM

The personal property lease was a disguised security interest rather than a true lease because the purchase option price at the end of the lease term is nominal additional consideration amounting to 10 percent of the original price of the equipment.

Date: 
Thursday, July 14, 2011
Judge: 
Judge Timothy J. Mahoney (Retired)