The Truth-In-Lending Act requires that consumers be told whether they can afford the debt they are considering incurring
Indicate whether the statement is true or false
F
You might also like to view...
If a paper manufacturer merged with a printing company, it would be a:
A) Vertical merger. B) Horizontal merger. C) Product extension merger. D) Conglomerate merger. E) Market extension merger.
________ is the attempt to duplicate the features, appearance, and characteristics of a real system, usually via a computerized model
Fill in the blanks with correct word
Reber hurriedly signed a form that he assumed was a request for a sample copy of a set of encyclopedias, valued at $57.50 . Later, it developed that he had actually signed an order for the complete set, valued at $575 . When the set was delivered, Reber refused to accept it and claimed he was not bound by the agreement because of the mistake. Was Reber legally bound by the agreement?
a. Yes; any written offer and acceptance makes a binding contract. b. Yes; a mistake due to carelessness does not discharge the contract. c. No; a sale of goods for $500 or over is not valid when the sale was made as the result of a mutual mistake. d. No; misrepresentation by a salesperson will make a contract voidable.
A majority of states have repealed Article 6 of the UU dealing with ____________________ sales
Fill in the blank(s) with correct word