If You Default on Your Automobile Loan,most Automobile Financing Agreements

question 125

Multiple Choice

If you default on your automobile loan,most automobile financing agreements:

• A)require an advance notice be sent to you before your car is repossessed.
• B)permit your creditor to repossess your car at any time without notice.
• C)permit the federal consumer credit laws to protect your car from being repossessed.
• D)allow you to not pay the full balance due on your automobile loan.
• E)allow you to pay fifty percent of the balance due on your automobile loan.

---

Definitions:

Hinton Helper

An American Southern critic of slavery known for his book "The Impending Crisis of the South," advocating for the abolition of slavery on economic grounds.

Non-slaveholding Whites

White individuals in the antebellum South who did not own slaves, often economically and socially distinct from slaveholders.

The Impending Crisis

A reference to a period or situation leading up to a significant, often negative, event, possibly related to historical conflicts or economic downturns.

British Abolition

The movement in the late 18th and early 19th centuries in Britain aimed at ending the slave trade and, subsequently, slavery in British colonies.