What is the early termination fee that may be charged if a customer defaults (switches away) before the term accepted expires?
A. Depends on how much term is remaining when they default on the contract and market conditions.
B. $1,000
C. $0
Answer (2)
An early termination fee varies based on the remaining term of the contract and market conditions. Typically, the fee is not a fixed amount like $1,000 but depends on specific circumstances surrounding the contract cancellation. Thus, no set fee can be assumed without considering these factors. ;
The early termination fee varies based on the remaining contract term and market conditions, making it depend on specific circumstances rather than being a fixed amount. Therefore, option A is the correct choice. Accurate assessment of such fees requires understanding both the time left on the contract and the current market situation.
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