When Resolving a Billing Dispute,a Creditor Must Either Tell You

question 163

Multiple Choice

When resolving a billing dispute,a creditor must either tell you why the bill is correct or:

• A)correct your account within two billing periods.
• B)send this information to a credit bureau.
• C)require you to pay the bill in full and then credit your account if the error is found.
• D)start the collection process.
• E)demand that you surrender your credit card.

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Definitions:

Contributory Negligence

A legal defense where the plaintiff's own negligence played a role in the harm they suffered, potentially reducing the defendant's liability.

Limited Liability Partnerships

A form of partnership in which some or all partners have limited liabilities, protecting individual partners' personal assets from business debts and liabilities.

Professionals

Individuals who have specific qualifications and expertise in a particular field or industry, often bound by certain ethical standards.

Partnership Agreement

A contract between partners in a business that outlines the terms of the partnership, including roles, responsibilities, and profit sharing.