Which one of the following should be included in an early termination notice in case of the termination from consumer le
Posted: Tue Mar 08, 2022 9:41 am
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)
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)