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Question 123 - CRCM discussion

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

A.
A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
Answers
A.
A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
B.
A lessor must develop and disclose its own standards for wear and use of leased property.
Answers
B.
A lessor must develop and disclose its own standards for wear and use of leased property.
C.
A lessor must provide a notice of wear and use standards on motor vehicle leases.
Answers
C.
A lessor must provide a notice of wear and use standards on motor vehicle leases.
D.
A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.
Answers
D.
A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.
Suggested answer: C
asked 16/09/2024
Geert De Ridder
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