The Deceptive Trade Practices Act prohibits the use of terms such as "8% mortgage."

Question

Quizplus · Accepted Answer

The Deceptive Trade Practices Act aims to protect consumers from misleading and fraudulent business practices, but it does not specifically prohibit the use of terms such as "8% mortgage." The legality of such a term would depend on the context in which it is used and whether it is misleading or deceptive in that particular context.

The Deceptive Trade Practices Act Prohibits the Use of Terms