Solved

Which One of the Following Should Be Included in an Early

Question 22

Multiple Choice

Which one of the following should be included in an early termination notice in case of the termination from consumer leasing agreement?


A) A warning to the consumer that a substantial charge may result from early termination (required only in a motor vehicle lease)
B) A statement of the conditions under which the lessee or lessor may terminate the lease prior to the end of the lease term
C) The purchase option at the end of the lease term
D) The amount of any penalty or other charge for early termination (the penalty must be reasonable)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents