Asked by Chloe Francis on May 06, 2024
Verified
If the seller of an automobile believes that the mileage reading on the odometer is incorrect,the disclosure statement must indicate that the actual mileage is unknown.
Odometer
An instrument used to measure the distance traveled by a vehicle.
Disclosure Statement
A document that provides essential information about a financial product, investment, or business opportunity.
Actual Mileage
The real distance that a vehicle has traveled, as opposed to the distance indicated by an odometer, which can be inaccurate or tampered with.
- Understand responsibilities and legal requirements in consumer transactions.
Verified Answer
Learning Objectives
- Understand responsibilities and legal requirements in consumer transactions.
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