An $18,400 California patio-enclosure home improvement contract is subject to the ordinary down-payment cap, with no applicable exception and no finance charges. What maximum down payment is allowed?
Correct Answer
B) $1,000.
Under the stated ordinary cap, compare $1,840 with $1,000 and choose $1,000. The question excludes applicable exceptions.
Why This Is the Correct Answer
Under the stated ordinary cap, compare $1,840 with $1,000 and choose $1,000. The question excludes applicable exceptions.
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