Under the Fair Debt Collection Practices Act, which of the following need not be provided to the debtor within five days of the initial communication:
a. the amount of the debt
b. a statement that unless the consumer disputes the validity of the debt within 30 days, it will be assumed valid c. the name of the creditor to whom the debt is owed
d. the amount of the debt or a statement that unless the consumer disputes the validity of the debt within 30 days, it will be assumed valid
e. all of the other specific choices must be provided
e
You might also like to view...
A company that is controlled by another corporation is called a subsidiary company
Indicate whether the statement is true or false
The periodicity assumption recognizes that
a. the company may continue indefinitely. b. all financial statements should cover a fiscal year. c. it is useful to estimate the business's net income in terms of accounting periods. d. the value of an asset may vary from month to month.
The collection of a $2,000 account beyond the 2 percent discount period would result in a(n)
A) increase to Cash for $1,960. B) decrease to Accounts Receivable for $2,000. C) decrease to Cash for $2,000. D) increase to Sales Discounts for $40.
Mace copies Nick's book, Off the Beaten Path, in its entirety and sells it to Parkland Books, Inc., without Nick's permission. Parkland publishes it under Mace's name. This is
A. copyright infringement. B. fair use. C. licensing. D. protected expression.