Samuel signed a contract to purchase furniture on credit. The contract clearly set forth in bold print all charges included in the cost of the credit, including the interest rate and annual percentage rate. The seller informed Samuel that the seller
regularly sold these contracts to a finance company that paid it immediate cash and then collected from the debtors. The seller further advised that the finance company did not want "the headache" of determining the validity of consumer complaints and that therefore the contract provided that the consumer waived all defenses concerning the furniture against the finance company. The contract expressly provided that the seller would remain responsible for any non-conformities in the furniture or breaches of contract on its part. The furniture was defective, but the finance company is demanding that Samuel make the payments to it required by the contract and resolve its disputes with the seller of the furniture. Samuel consults you regarding his rights. What is your response?
An FTC regulation protects Samuel. It provides that any holder of a consumer credit contract is subject to all defenses that the debtor could assert against the seller of the goods. This is a required statement that should have been included, in boldface type, in the contract that Samuel signed.
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Based on previous classes, Tricia expects that in her chemistry class she will take a quiz, and then the professor will lecture for 30 minutes and give an assignment. Which type of schema is Tricia relying on to make sense of her class period?
a. blueprint b. script c. stereotype d. imagined experience
On January 1, 2016, Watchtower Corporation granted Emma Freegross, its president, a compensatory stock option plan to purchase 8,000 shares of Watchtower's $10 par common stock. The option price is $25 per share and the option has a fair value of $7 per option. The option is exercisable on January 1, 2020, after four years of service. How much compensation expense should Watchtower recognize on
December 31, 2016? A) $0 B) $14,000 C) $56,000 D) $80,000
According to Mark Rogers, marketers should only add video to the media mix if the content is capable of sparking a conversation
Indicate whether the statement is true or false
EMS has to do with handling
a. manufacturing. b. pollution. c. scrap. d. by-products.