Which of the following statements is true of a consumer lease?

Multiple Choice

It is a lease in which a third party $($a supplier or vendor$)$ is involved, and the lease has a value of $$5000$ or less.

It is a lease that has a value of $$50,000$ or more, and primarily exists when both the lessor and lessee are merchants.

It is a lease for the lessee to lease goods for use in a business.

It is a lease that exists between a lessor regularly engaged in the business of leasing or selling and a lessee who leases the

goods primarily for personal purpose.