The ________ and Equal Credit Opportunity Act state that consumers who are denied loans must receive a notice of "adverse action" from the business explaining the decision

A) PATRIOT Act
B) Class Action Fairness Act
C) Fair Credit Reporting Act
D) Sarbanes-Oxley Act


C

Business

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Revenue is recognized when a contract is enacted

Indicate whether the statement is true or false

Business

Might-E Mart LLC was formed in New Jersey. Might-E Mart's members are Oscar, who is a citizen of New Jersey, and Peri, who is a citizen of New York. For federal diversity jurisdictional purposes, Might-E is a citizen of

A. all states. B. New Jersey and New York. C. New Jersey only. D. no state.

Business

If destruction or casualty to goods, total or partial, occurs after risk of loss has passed to the buyer, who is responsible for losses?

A) The seller B) The buyer, who must pay the entire contract price of the goods C) The buyer if the loss is partial; both parties share the loss if it is total D) The carrier delivering the goods

Business

Which of the following is not one of the benefits provided by workers' compensation?

A) Partial wages B) Hospital and medical expenses C) Full wages D) Death benefits

Business