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?

What will be an ideal response?


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.

Business

You might also like to view...

The closing process is sometimes referred to as closing the books

Indicate whether the statement is true or false

Business

Which of the following is the correct formula to compute residual income?

A) Average operating assets - Net operating income B) Average operating assets - (Net operating income x Minimum required rate of return) C) Net operating income x Minimum required rate of return D) Net operating income - (Average operating assets x Minimum required rate of return)

Business

A company claiming rights in a trademark may use the TM designation even if the mark is not registered

Indicate whether the statement is true or false

Business

________ deals with possible negative effects of converting financial statements from foreign operations into domestic currency for consolidated reporting in the home country

A) Conversion exposure B) Transaction exposure C) Operating exposure D) Translation exposure

Business