Brooke uses her credit card to purchase a lawn mower at the local "big box" hardware store, but when she tries to use the mower for the first time, she finds it is not self-propelled as advertised. Does she have any recourse?
Since Brooke used a credit card for the purchase, she is protected under the TILA. If there is a dispute between a merchant and a customer, the credit card company cannot bill the customer if she makes a good faith effort to resolve the dispute, the dispute is for over $50, and the merchant is in the same state as or within 100 miles of the customer's house.
You might also like to view...
Rule-of-thumb measures are the most precise and best standards of comparison in financial performance evaluation
Indicate whether the statement is true or false
How does receiving a bill to be paid next month for services rendered affect the accounting equation?
A) assets decrease; owner's equity decreases B) assets increase; liabilities increase C) liabilities increase; owner's equity increases D) liabilities increase; owner's equity decreases
A defining characteristic of the subscription-based business model is that the
A. user pays for only the services he or she consumes. B. basic features of a product or service are provided free of charge, but the user must pay for premium services such as advanced features or add-ons. C. user pays for access to a product or service whether he or she uses it during the payment term or not. D. initial product is often sold at a loss or given away for free in order to drive demand for complementary goods.
A system in which each shareholder votes the number of shares he or she owns on candidates for each of the positions open is known as cumulative voting.
Answer the following statement true (T) or false (F)