Question

the following statement is from the contract peter signed with his homeowners association (hoa).

\overnight parking on community streets is prohibited. for the purpose of this contract, overnight will be defined as the hours between 11:00 p.m. and 4:00 a.m. the hoa will monitor overnight parking not less than once every calendar week with nightly patrols by community security.

\in the event a car is found parked on community streets overnight and that ownership of the offending car can accurately be verified as a community homeowner, the homeowner will receive one (1) written warning asking him or her to correct the situation. a second and third infraction by the same homeowner, whether or not it is with the same car, will result in a monetary fine as permitted by cc&r guidelines and hoa bylaws. further infractions (past 3) will result in monetary fines in addition to the towing of the car at the homeowners expense.\

peter just received a written warning from the hoa concerning the parking of his car overnight on a community street. which of the following statements is true?

a. parking in the street overnight tonight may get peter fined.
b. parking in the street overnight tonight may get peters car towed.
c. parking in the street overnight tonight may get peter fined and his car towed.
d. parking in the street overnight tonight will probably just get peter another warning.

Explanation:

Analyze the contract terms

Using the Loan Contract Analysis knowledge point, we evaluate the specific consequences of infractions outlined in the contract text:

• First infraction: One (1) written warning.
• Second and third infractions: A monetary fine.
• Further infractions (past 3): Monetary fines in addition to towing.

Determine Peter's current status

Peter has just received a written warning, which corresponds to his first infraction.

Evaluate the consequence of another infraction

If Peter parks on the street overnight tonight, this will be his second infraction. According to the contract, a second infraction results in a monetary fine. It does not result in towing (which requires more than 3 infractions) or another warning. Therefore, parking tonight may get Peter fined.

Answer:

• a. Parking in the street overnight tonight may get Peter fined. (Correct answer)
• b. Parking in the street overnight tonight may get Peter's car towed.
• c. Parking in the street overnight tonight may get Peter fined and his car towed.
• d. Parking in the street overnight tonight will probably just get Peter another warning.