Odometer Fraud Allows the Purchaser to Recover

question 42

Multiple Choice

Odometer fraud allows the purchaser to recover:

• A) the entire purchase price of the automobile plus $1,500.
• B) twice the actual loss from the fraud.
• C) the total loss the buyer can collect to $1,500.
• D) three times the actual loss or $1,500, whichever is higher.

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Definitions:

Preferred Stockholders

Investors who own preferred shares in a company, with rights to dividends before common stockholders and priority in asset distribution.

Dividends in Arrears

Dividends on preferred stock that have been declared but not paid to shareholders.

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall market capitalization remains the same.