Which of the following statements regarding sale-and-leaseback arrangements is NOT accurate?

a.A sale-and-leaseback arrangement is an alternative to a mortgage.

b.The equipment involved in a sale-and-leaseback arrangement is usually new.

c.A sale-and-leaseback arrangement is a special type of financial lease.

d.The seller retains the use of the property sold.

e.The seller immediately receives the purchase price put up by the buyer.