Book Opener

Consider the key terms in the list below. Then use the terms tocomplete the following exercises.finance chargeBuyer’s Guidecollision insuranceno-fault insurancefinancial responsibility lawbodily injury liability insuranceuninsured motorist insuranceproperty damage liability insuranceUsed Car Rulerepossesscomprehensive insuranceadhesion contractUsing as many of the key terms as you can:1. Create a public service awareness poster on one of thefollowing topics:● How to Buy a New Car● Car Insurance: Why it is Important● How to Buy a Used Car● How to Seek Relief if You Purchase a Defective Vehicle● How to Decide between Buying and Leasing a Car2. On a separate sheet of paper, describe your public serviceawareness poster. Explain why you chose the images you selected.Self-Check Quiz Visitthe UnderstandingBusiness and PersonalLaw Web site atubpl.glencoe.com andclick on Chapter 16:Owning a Vehicle—Self-Check Quizzesto prepare for thechapter exam.Answer the following questions. Refer to the chapter for additional reinforcement.3. What two things must a prospective lender disclose under the requirements issuedby Regulation Z?4. What information should you know before signing any financing documents?5. Given the financial disadvantages of leasing, why do some people still choose tolease new cars?6. What does the Used Car Rule require?7. What are the advantages of buying a used car from a dealership?8. On what grounds might a seller be liable for damages if a car is defective?9. Name the principal kinds of automobile insurance. What kind of loss doeseach cover?10. Describe no-fault insurance.Chapter 16: Owning a Vehicle 357