The Consumer Leasing Act

question 29

Multiple Choice

The Consumer Leasing Act:

• A) requires the creditor to disclose the aggregate costs of leasing consumer goods.
• B) does not require the lease agreement to define the consumer's liability.
• C) applies to leases of consumer goods only if the leases are for more than three months.
• D) applies to leases of consumer goods if the total contractual obligation exceeds $25,000.

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Definitions:

Acute Care Unit

A hospital department designed to provide short-term treatment for severe or urgent medical conditions.

Stress

The body's response to perceived threats or challenges, which can be physical, mental, or emotional in nature.

Stressful Life Events

Situations or occurrences that significantly disturb an individual's daily routine, causing notable amounts of stress or change.

Stimulus

An agent or act that stimulates a nerve receptor.