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Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Lemon law protection arises under state law, with every U.S. state and the District of Columbia having its own lemon law. [1] Although the exact criteria vary by state, new vehicle lemon laws require that an auto manufacturer repurchase a vehicle that has a significant defect that the manufacturer is unable to repair within a reasonable amount of time. [2]
t. e. A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
Contract law. Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity ). Analysis of their operation is a traditional approach in contract law. This classical approach to contract formation has been modified by developments ...
Section 23123.5 of the California Vehicle Code states that a person cannot operate a motor vehicle while holding a handheld telephone or electronic device unless it is designed to allow voice ...
According to California penal code 597.7, it’s illegal to leave any animal — dog, cat, rabbit or pig — inside an empty car if it’s too hot and the animal could be in danger. The same rule ...
Anyone wishing to sell a vehicle that is over four years old must first have a smog check performed. It is the seller's responsibility to get the smog certificate prior to the sale. If the vehicle is registered in California and was acquired from a spouse, domestic partner, sibling, child, parent, grandparent, or grandchild it is exempt. [4]
That's a lot of cars — 1.78 million new vehicles were sold in California last year. Since hydrogen station growth has stalled and hydrogen prices exploded, fuel cell sales have stalled too.