If a lender makes a mistake in the disclosure of the APR on a loan, there is a 30-day right of rescission for the home buyer

Indicate whether the statement is true or false


False

Business

You might also like to view...

Briefly explain the working of an e-license

What will be an ideal response?

Business

Answer the following statement(s) true (T) or false (F)

1. Having a strong and effective mindset is important to being a successful entrepreneur. 2. When people believe their talents and abilities are set traits, they have a growth mindset. 3. Someone practicing the self-leadership habit can influence her own behavior, actions, and thinking to achieve the self-motivation needed to build her entrepreneurial ventures. 4. Behavior-focused strategies include self-observation, self-goal setting, and self-reward. 5. Improvisation is about being spontaneous, imaginative, and dealing with the unexpected.

Business

Marsa and Hunare are Asian nations. Jorwen, Kellpit, and Denqor are North American nations. These five nations recently signed a multilateral agreement that allows them to carry out business operations with minimal tax implications. This arrangement would allow Jorwen, Kellpit, and Denqor to import goods from Marsa and Hunare, which have low labor costs and high production quality. This agreement among these five nations is most likely possible because of the _____. 

A. Retail Association Cooperative Agreement B. European Investment Treaty C. General Agreement on Tariffs and Trade D. American Free Trade Agreement

Business

Closing the temporary accounts at the end of each accounting period does all of the following except:

A. Brings the revenue and expense accounts to zero balances. B. Has no effect on the retained earnings account. C. Prepares the dividends account for use in the next period. D. Serves to transfer the effects of these accounts to the retained earnings account on the balance sheet. E. Causes retained earnings to reflect increases from revenues and decreases from expenses and dividends.

Business