entitled “Lease Agreement” does not in fact make them lessor and lessee as that relationship might ordinarily be understood with the attendant rights, obligations and duties of entities in a lessor/lessee relationship. On the contrary, as a “finance lease,” the relationship of the parties is more closely akin to — or is exactly — that of lender and borrower in which relationship the obligations of the borrower are to make the payments required by the loan and the obligation of the lender is fully met when the funds required have been provided. [Dr. Rozentsvit] admittedly not having made those payments, we found that she is indebted to [DLL] in the amount set forth in our decision. (Trial Court Opinion, entered June 1, 2007, at 3). We accept this analysis. See also De Lage Landen, supra (<HOLDING>). Based upon the foregoing, the trial court’s
holding lease agreement that explicitly stated it was finance lease as defined in article 2a of ucc was finance lease even though lessee did not direct lessor to acquire goods or right to possession and use of goods from supplier holding that a lienor under a contract with a lessee is entitled to a lien against the lessors interest only where the lease expressly or impliedly requires the lessee to make improvements to the leased property holding lessee of copy machine breached finance lease which obligated lessee to make payments to lessor regardless of whether copy machine satisfied lessees use requirements where lessee accepted delivery of copy machine and made two payments under lease prior to willful default recognizing that a lessees holding over without giving the prescribed notice of renewal gave rise to a presumption that the lessee was exercising the option to renew but also recognizing that in such a situation the lessor could elect to treat the lessee as a trespasser or to waive the notice requirement and treat the lease as having been extended recognizing that a lease providing for renewal at the termination of the lease did not require the lessee to exercise the option before the lease expired nor did it require renewal at the precise hour of termination but gave the lessee a reasonable time after the termination of the lease in which to make his election