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Question
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.
Answer
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Related questions
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