Mary Contracts to Lease an Automobile from Zippo Sales with Payments

question 22

Multiple Choice

Mary contracts to lease an automobile from Zippo Sales with payments of $300 per month for a year and a final balloon payment of $1,200.This final payment is:

• A)lawful,since it satisfies the requirements of the Consumer Leasing Act.
• B)unlawful,since it exceeds $1,000.
• C)unlawful,as it exceeds three times the average monthly payment.
• D)lawful,since both parties have contracted on mutual agreement.

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Definitions:

Twisting Force

Also known as torque, it's the force that causes an object to rotate about an axis, fulcrum, or pivot.

Tightening Nuts

The process of securing nuts onto bolts or studs to a specified torque, ensuring a stable assembly.

Click-Type Torque Wrenches

Tools that make an audible click sound to signal when the pre-set torque level has been reached, ensuring proper tightening of bolts.

Lowest Possible Position

Refers to the minimal height or level something can be adjusted or positioned.