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In the Ordinary Course of Business,Xtra Credit Company Sells Goods

Question 28

Multiple Choice

In the ordinary course of business,Xtra Credit Company sells goods to Yvon and other consumers on credit under installment sales contracts that typically require at least one year of monthly payments.Xtra does not disclose all of the credit terms to its customers.This is most likely to result in


A) a cease-and-desist order.
B) a fine.
C) no sanctions.
D) rescission of the contracts.

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