What is the minimum amount owed to a supplier that could lead to a license suspension?

Study for the Arizona Statutes and Rules Exam. Prepare with comprehensive questions and detailed explanations. Ace your exam with confidence!

The minimum amount owed to a supplier that could lead to a license suspension is $750. This figure is significant because it reflects the threshold established by Arizona statutes regarding a licensee's financial obligations. When a supplier is owed this amount or more, it indicates a serious financial issue that might affect the licensee's ability to operate responsibly in their business. The law aims to ensure that licensees maintain good standing with their suppliers, which is vital for the overall integrity of the industry. Therefore, reaching or exceeding this amount makes it necessary for regulatory action to take place, including possible license suspension, to safeguard the interests of suppliers and the marketplace. Other amounts listed do not reach this threshold and do not trigger the same level of consequence under the law.

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