When a Closed-End Lease Expires

question 92

Multiple Choice

When a closed-end lease expires,

• A)you simply walk away because there are never any additional charges.
• B)you may have to pay an additional amount if the resale value of the car is less than anticipated.
• C)you may have to pay additional charges for excess mileage and damage to the vehicle.
• D)ownership of the car is transferred to the consumer.

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Definitions:

First-Rate Power

A nation distinguished by its significant influence, military strength, and economic capabilities on the global stage.

Natural Resources

Naturally occurring materials such as minerals, forests, water, and fertile land that can be used for economic improvement and are considered valuable in their relatively unmodified (natural) form.

American Settlement

The establishment of communities in the United States by immigrants or settlers.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States, including former slaves, and providing all citizens with equal protection under the laws.