Violet negotiates with Urban Credit Corporation to obtain a loan for $85,000 to buy a home.During the negotiations,Urban Credit orally misrepresents the terms,but provides the required documents,which accurately state the terms.Violet does not read the documents.The party or parties most likely liable for a violation of the law is
A) neither party.
B) Urban Credit.
C) Urban Credit and Violet.
D) Violet.
Correct Answer:
Verified
Q30: Fact Pattern 31-1B
Northeast Bank makes mortgage
Q32: Donato borrows the funds from Eveready Bank
Q33: Hill & Dale Credit Corporation makes mortgage
Q34: Shade Tree Lending Corporation advertises loans as
Q35: Riverview Bank makes a mortgage loan of
Q36: Sierra borrows $175,000 from Regional Home Finance
Q37: Denise borrows $90,000 from Clear Lake Credit
Q39: Virgil borrows $175,000 from United Finance Bank
Q40: Franz asks Gateway Mortgage Credit for a
Q43: Laurel borrows $150,000 from Marketplace Mortgage Loans
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