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DBTEL, a cellphone manufacturer, signed an agreement titled "equipment lease" with Equipment Financing, Inc. Under the agreement, DBTEL was obligated to make payments of $10,000 per month for four years as rental payment for an assembly line and had an option to buy the assembly line at the end of the four year period for $1. The agreement also provided that, on default, Equipment Financing, Inc. had the right to terminate the lease and take back the assembly line. DBTEL defaulted on the monthly payments. Which one of the following statements is correct under Article 9?Group of answer choices:a) DBTEL owns the assembly line, but Equipment Financing, Inc. can repossess the assembly line.b) Equipment Financing, Inc. owns the assembly line, but it must sue DBTEL for breach of contract.c) DBTEL owns the assembly line, but Equipment Financing, Inc. can sue DBTEL for breach of contract.d) Equipment Financing, Inc. owns the assembly line, so it can take back the assembly line because DBTEL breached the lease.
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