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Mary Contracts to Lease an Automobile from Zippo Sales with Payments

Question 22

Multiple Choice

Mary contracts to lease an automobile from Zippo Sales with payments of $300 per month for a year and a final balloon payment of $1,200.This final payment is:


A) lawful,since it satisfies the requirements of the Consumer Leasing Act.
B) unlawful,since it exceeds $1,000.
C) unlawful,as it exceeds three times the average monthly payment.
D) lawful,since both parties have contracted on mutual agreement.

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