Question: When an open-end lease terminates and the car's appraised value is less than the residual value stated in the lease, you owe nothing. Question content

When an open-end lease terminates and the car's appraised value is less than the residual value stated in the lease, you owe nothing. Question content area bottom Part 1 Choose the correct answer below. A. The statement is false. The true statement is "When an open-end lease terminates and the car's appraised value is less than the residual value stated in the lease, you owe the difference." B. The statement is true because when a closed-end lease terminates and the car's appraised value is less than the residual value stated in the lease, you owe nothing. C. The statement is true because when an open-end lease terminates and the car's appraised value is less than the residual value stated in the lease, you owe nothing. D. The statement is false. The true statement is "When a closed-end lease terminates and the car's appraised value is less than the residual value stated in the lease, you owe nothing

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