In the ordinary course of business, Loan2Buy Corporation offers credit to Mai and other consumers and reports on the loans to credit agencies. To save time and money, Loan2Buy generally does not correct or update its reported information. This is most likely to result in
A) a levy of a nominal fine.
B) an assessment of damages.
C) an order of rescission of the loan contracts.
D) no sanctions.
Correct Answer:
Verified
Q21: Lucy takes out a student loan from
Q22: Spicy Salsa, Inc., complains to the Federal
Q23: SmartPhone Company's ad states that its product
Q24: The credit department of Discount Retail Stores
Q25: Cecilia borrows $20,000 from Debit & Credit
Q27: Debt & Loan Collection Agency calls Ethel
Q28: Slow-Brew Coffee Company sells coffee and related
Q29: Tory borrows $10,000 from USA National Bank
Q30: Grover signs an installment contract with Home
Q31: Grid Tool Company makes and sells tools.
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