GMAC Is an Example of a Captive Finance Company

question 146

True/False

GMAC is an example of a captive finance company.

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Definitions:

Agreement

A mutual understanding or arrangement between two or more parties, often formalized by a contract, regarding their rights and responsibilities.

Mandatory Injunction

A court order requiring an individual or entity to perform a specific act.

Circumstances

The specific conditions or factors affecting a situation, event, or decision.

Court Order

An official directive issued by a court that requires a person or entity to do or refrain from doing something.