Isis is currently sitting in a car dealership's showroom.She wants to buy a car for purely personal use, but since she cannot afford to pay cash, she will finance the purchase with credit.She nevertheless is eager to close the deal and drive away with the car this afternoon.The dealership is willing to business with Isis, but it knows that the transaction must satisfy several special requirements.Which of the following is LEAST likely to be one of those requirements?
A) allow a minimum of 30 days to remedy any default on the credit
B) disclose the interest rate
C) disclose the costs of the car
D) disclose the payment scheme
E) allow Isis to retain possession unconditionally once she has paid ⅔ of the price
Correct Answer:
Verified
Q38: The registration systems established under provincial personal
Q39: Able Finance Corp carries on a lending
Q40: Info-Tech Ltd is a distributor of computers.Info-Tech
Q41: Destiny Drilling financed its latest project with
Q42: Arvid purchased a television from Beula.Under the
Q44: Caesar's School of Music wanted to substantially
Q45: Kajal wanted to borrow $500 000 from
Q46: The process of perfection
A)is necessary to the
Q47: Vegreville Food & Farm Inc (VFFI) operates
Q48: MagicBank has lent $5000 to Horwood.As security
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