Asked by Kamia Bryan on Apr 28, 2024
Verified
Jarvis rents an apartment for a period of two months.His lease is governed by the Consumer Leasing Act.
Consumer Leasing Act
Federal legislation that requires detailed disclosures of lease terms and costs to consumers before a lease agreement is signed.
Two Months
A period of approximately sixty days or the duration covering two consecutive calendar months.
- Gain insight into the roles and legal stipulations in consumer interactions.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
False
Explanation :
The Consumer Leasing Act generally applies to leases of personal property where the lease term exceeds four months and is used primarily for personal, family, or household purposes. A two-month apartment lease does not meet the duration requirement.
Learning Objectives
- Gain insight into the roles and legal stipulations in consumer interactions.
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