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With regard to standards for wear and use of leased property, which of the following statements is true?

A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
A lessor must develop and disclose its own standards for wear and use of leased property.
A lessor must provide a notice of wear and use standards on motor vehicle leases.
A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.

Answer(s): C

With regard to standards for wear and use of leased property, which of the following statements is true?

A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
A lessor must develop and disclose its own standards for wear and use of leased property.
A lessor must provide a notice of wear and use standards on motor vehicle leases.
A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.

Answer(s): C

With regard to standards for wear and use of leased property, which of the following statements is true?

A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
A lessor must develop and disclose its own standards for wear and use of leased property.
A lessor must provide a notice of wear and use standards on motor vehicle leases.
A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.

Answer(s): C