Which of the Following Is NOT a Required Disclosure Under

question 146

Multiple Choice

Which of the following is NOT a required disclosure under the Consumer Leasing Act:

• A) number, amount, and period of the payments and the payment total
• B) express warranties offered by the leasing party or the manufacturer of the leased property
• C) identification of the party responsible for maintaining the leased property
• D) the number of leases both parties are involved in
• E) all of the other specific choices are required

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Definitions:

Inverse

The opposite or reverse relationship, where an increase in one variable leads to a decrease in another, and vice versa.

Price Floors

A minimum price set by the government for certain goods and services, intended to ensure fair conditions and prevent market price from falling below a certain level.

Surpluses

Occurs when the supply of a particular good or service exceeds its demand, often leading to a decrease in prices.

Shortages

Shortages occur when the demand for a product exceeds the supply available at a particular price, often leading to higher prices and waiting times.