KEENAN, Justice.
In this appeal, we consider whether a contract created a security interest or a lease.
In April 1989, C.F. Garcia Enterprises, Inc. (Garcia), and Enterprise Ford Tractor, Inc. (Enterprise), entered into a contract titled "Equipment Lease Agreement." The contract provided for Garcia to lease a 1979 Ford model 555 Tractor-Loader-Backhoe (backhoe) from Enterprise in exchange for monthly rental payments totalling $17,250. The contract provided...
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