The Federal Trade Commission (FTC) regulation:
A. does not apply to persons who sell to consumers on credit.
B. is designed to protect consumers against operation of the holder in due course rule.
C. cannot fine a seller who fails to include the FTC notice in the note or contract.
D. is designed to make the consumer subject to all claims and defenses of a potential holder.
Answer: B
You might also like to view...
What organizational pattern works best with presentational software that allows nonlinear movement, such as Prezi?
a. spatial b. problem-cause-solution c. topical d. chronological
A justification for no dividend payments that would be pleasing to shareholders could be
A) an investor clientele that prefers current liquidity. B) positive NPV investment projects that require the firm to retain cash for investment purposes. C) cash will be used for a stock dividend. D) insufficient cash available for dividend payments.
At the end of the year Stan Still Stationery Store had the following balances: Sales $485,000; Sales Discounts $2,540; Sales Returns and Allowances $14,280; Sales Salaries Expense $54,000. The Net Sales for the year are:
A. $447,820 B. $414,180 C. $468,180 D. $501,820
A team strategy that entails simultaneously emphasizing internal team building and achieving external visibility is referred to as
A) probing. B) accommodating. C) parading. D) empowering. E) informing.