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

  1. A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
  2. A lessor must develop and disclose its own standards for wear and use of leased property.
  3. A lessor must provide a notice of wear and use standards on motor vehicle leases.
  4. 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?

  1. A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
  2. A lessor must develop and disclose its own standards for wear and use of leased property.
  3. A lessor must provide a notice of wear and use standards on motor vehicle leases.
  4. 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



How is the maximum loan value of margin stock defined?

  1. As a percentage of the amount to be loaned
  2. As a percentage of the book value of the stock
  3. As a percentage of the current market value of the stock
  4. As a percentage of the good-faith loan value of the stock

Answer(s): C



How is the maximum loan value of margin stock defined?

  1. As a percentage of the amount to be loaned
  2. As a percentage of the book value of the stock
  3. As a percentage of the current market value of the stock
  4. As a percentage of the good-faith loan value of the stock

Answer(s): C






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