In the ordinary course of business, Xtra Charge Company sells goods to Yvon and other consumers on credit under installment sales contracts that typically require at least one year of monthly payments. Xtra does not disclose all of the credit terms to its customers. This is most likely to result in
A) a cease-and-desist order.
B) a fine.
C) no sanctions.
D) rescission of the contracts.
Correct Answer:
Verified
Q22: Green Grocer Corporation makes and markets a
Q29: Ron signs a contract with Sam,a door-to-door
Q32: Quik Collection Agency calls Pat several times
Q34: Through careless manufacturing practices,Insta-Market Company makes and
Q40: Furniture Depot sells Gail a bedroom suite
Q57: Brad borrows $20,000 from City Bank to
Q58: Vanna and many other consumers complain to
Q60: Special Roast Coffee, Inc., processes and sells
Q63: Consumer Finance Corporation (CFC) extends credit to
Q64: Wheels & Deals Corporation is subject to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents