More and more businesses are adopting consumer penalties-extra fees paid by consumers for violating the terms of a purchase agreement.

Question

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This statement is true as businesses are incorporating various penalties and fees in their purchase agreements to ensure compliance with terms and conditions. Some common examples include late fees for payments not made on time, cancellation fees for canceling reservations or orders, and restocking fees for returning products. These penalties are meant to discourage customers from violating the rules set forth by the business and help protect against financial losses incurred from such actions.

More and More Businesses Are Adopting Consumer Penalties-Extra Fees Paid