A Description of the Finance Charges That Said "1

question 17

True/False

A description of the finance charges that said "1.8% per month compounded daily" would comply with the rules of the Truth-in-Lending Act.

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Definitions:

Contributory Law

A legal principle that reduces the amount of damages a plaintiff can recover in a negligence-based lawsuit, based on the degree of own negligence of the plaintiff.

Source Of Authority

The origin from which a person or entity derives its right or power to make decisions, rule, or govern.

Dependability

The quality of being trustworthy and reliable, especially in terms of performing duties or meeting obligations consistently.

Treaty

A formal and binding agreement between two or more sovereign nations or international organizations, governed by international law.