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| On June 5, year 1, Green rented equipment under a 5-year lease. On March 8, year 2, Green was involuntarily petitioned into bankruptcy under the liquidation provisions of the Bankruptcy Code, and a trustee was appointed. The fair market value of the equipment exceeds the balance of the lease payments due. The trustee A. Must assume and subsequently assign the equipment lease. B. May elect not to assume the equipment lease. C. Must assume the equipment lease because its term exceeds 1 year. D. May not reject the equipment lease because the fair market value of the equipment exceeds the balance of the lease payments due. |