Which of the following best expresses the policy behind the Truth-in-Lending Act?
a. To help borrowers by requiring lenders to charge a "reasonable" rate of interest as determined by the Federal Reserve Board.
b. To help small business by requiring that lenders not use as collateral for secured loans a business's most important assets.
c. To help debtors for loans for personal, family, or household purpose to be armed with the necessary information on a loan to better bargain for credit and to choose the creditor with the best terms.
d. To help lenders by permitting them to investigate a person's credit history without having to worry about state libel laws.
c
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I have not been able to reach Carolyn by phone or email
A) I; have been able B) I; have been C) Carolyn; have been D) I; have been/reach
If Department L uses $53,000 of direct labor and Department M uses $21,000 of direct labor, the following journal entry would be recorded using a process costing system: Work in Process Inventory, Department L53,000 Work in Process Inventory, Department M21,000 Factory Wages Payable 74,000
Answer the following statement true (T) or false (F)
Which of the following is NOT an example of intangible property?
A) a computer B) accounts receivable C) trade secret D) copyright E) patent
Ludwig receives from Milo a marimba stolen from Nadine. To be criminally liable, Ludwig must know
a. Milo. b. Nadine. c. that the marimba is stolen and Ludwig must intend to keep it. d. what a marimba is.