Which of the Following Is an Example of a Legal

question 50

Multiple Choice

Which of the following is an example of a legal restriction that may be imposed on a tenant's deposit?

• A) A statutory limitation on the amount of the deposit.
• B) A requirement that the landlord hold the deposit in a trust fund.
• C) A requirement that the landlord pay interest for the period the deposit is held.
• D) All of the above.

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Definitions:

Market Outcomes

The results or final state of market processes, including price and quantity determined by supply and demand forces.

Price Floor

A minimum price set by the government or a regulatory body, below which a good or service cannot be sold in the market.

Compact Discs

Optical discs used to store digital data, primarily known for storing music recordings in a digitally encoded format.

Surplus

A condition in which the amount of a good offered for sale by producers is greater than the amount that buyers will purchase at the existing price. A decline in price would eliminate the surplus.