Lemon Law for California

Compulsory insurance statutes mandate that drivers file proof of insurance as a condition of receiving their vehicle registration. Many states require drivers to purchase certain insurance options, such as collision, which pays you for damage to your car irrespective of who was at fault, and comprehensive, which pays you for damage done to your car caused by theft, fire, and vandalism.

A put option (sometimes simply called a “put”) is a financial contract between two parties, the seller (writer) and the buyer of the option. The put allows the buyer the right but not the obligation to sell a commodity or financial instrument (the underlying instrument) to the writer (seller) of the option at a certain time for a certain price (the strike price). The writer (seller) has the obligation to purchase the underlying asset at that strike price, if the buyer exercises the option.

Note that the writer of the option is agreeing to buy the underlying asset if the buyer exercises the option. In exchange for having this option, the buyer pays the writer (seller) a fee (the premium).
Exact specifications may differ depending on option style. An American put option allows exercise at any time during the life of the option.

The most widely-known put option is for stock in a particular company. However, options are traded on many other assets: financial - such as interest rates - and physical, such as gold or crude oil.

The put buyer either believes it’s likely the price of the underlying asset will fall by the exercise date, or hopes to protect a long position in the asset. The advantage of buying a put over shorting the asset is that the risk is limited to the premium. The put writer does not believe the price of the underlying security is likely to fall. The writer sells the put to collect the premium. Puts can also be used to limit portfolio risk, and may be part of an option spread.

Build Dates : October 14, 2004 – January 05, 2006

NHTSA CAMPAIGN ID Number : 07V482000

Date Owner’s Notified: 20080102
Date Received by ODI: 20071016
Date Added to Databse: 20071016

Manufacturer’s Involved: GM DAEWOO AUTO & TECHNOLOGY COMPANY
Manufacturer’s Responsible for the Recall: GENERAL MOTORS CORP.
Manufacturer Campaign Number:

Component: EXTERIOR LIGHTING:HEADLIGHTS
Potential Number Of Units Affected : 144

Summary:
On certain vehicles located in Guam and Saipan, the headlamp low beam or daytimne running light (DRL) function may be inoperative due to a melted splice pack (S201) on the IP harness

Consequence:
Inadequate lighting could reduce visibility on the vehicle increasing the risk of a crash.

Remedy:
Dealers will change the headlamp low beam splicing type and separate it from splice pack 201 to protect housing melting due to potential poor contact. The recall began on January 2, 2008. Owners may contact GM Deawoo at 1-671-648-8453.