With regard to standards for wear and use of leased property, which of the following statements is true?
Posted: Thu Jul 21, 2022 8:50 pm
With regard to standards for wear and use of leased property, which of the following statements is true?
A. A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
B. A lessor must develop and disclose its own standards for wear and use of leased property.
C. A lessor must provide a notice of wear and use standards on motor vehicle leases.
D. A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.
A. A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
B. A lessor must develop and disclose its own standards for wear and use of leased property.
C. A lessor must provide a notice of wear and use standards on motor vehicle leases.
D. A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.