With no explanation, chose the best option from "A", "B", "C" or "D". applying Old § 1-201(37) developed percentage tests to determine whether the option price contained in a purported lease is nominal (“Percentage Tests”). Percentage Tests compare: (1) the option price contained in the agreement with the original purchase price of the “leased” goods; (2) the option price with the total stream of rental payments made under the contract; and (3) the original cost of the “leased” goods with the total payment stream. See, e.g., Orix Credit Alliance, Inc. v. Pappas, 946 F.2d 1258, 1261-62 (7th Cir.1991) (stating that an option price that represents 12% of total rental payments, while not dispositive, indicates a secured sale rather than true lease); Fruehauf Corp. v. Int’l Plastics, Inc. (In re Int’l Plastics, Inc.), 18 B.R. 583, 587 (Bankr.D.Kan.1982) (<HOLDING>); Equilease Corp. v. AAA Mach. Co. (In re AAA

A: holding that option amount that is 53 of cash sale price on the date agreement was executed reflected a true lease
B: holding that the measure of damages for the breach of a contract of sale where no fraud is shown is the difference between the contract price and the market price of the goods on the date of the breach
C: holding that under an option requiring renewal at the expiration of the lease the lessee was required to exercise the option on or before the last day of the lease
D: holding that under an option requiring renewal at the expiration of the lease but providing no more specific time requirement the lessee had a reasonable time to exercise the option within the term of the lease
A.