The Consumer Leasing Act would apply to which of the following leases:
A) living room furniture for three months
B) an apartment for a year
C) a car for a week
D) a big-screen television for a year
E) all of the other choices would be covered if for personal, not business, use

Question

Quizplus · Accepted Answer

The Consumer Leasing Act applies to personal leases of items with a value of $25,000 or less for a term of more than four months. Option D is for a big-screen television for a year, which meets both criteria, and hence would be covered.

The Consumer Leasing Act Would Apply to Which of the Following