The Highest Interest Rate Installment Loans Are Usually Made by

question 19

Multiple Choice

The highest interest rate installment loans are usually made by

• A)consumer finance companies.
• B)commercial banks.
• C)credit unions.
• D)savings and loan associations.
• E)life insurance companies.

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Definitions:

Doctrine of Equivalents

A principle in patent law that allows for the enforcement of a patent against a product or process that does not literally infringe upon the patented invention but performs substantially the same function in substantially the same way to achieve the same result.

Trade Secret

Information that is not known to the public, confers a competitive advantage, is subject to reasonable efforts to maintain its secrecy, and is valuable to its holder.

Reasonable Measures

Actions or steps that are considered sensible and proportionate to the situation, taken to achieve a specific purpose or to prevent certain outcomes.

Gray Market Goods

Goods lawfully bearing trademarks or using patented or copyrighted material, but imported into a foreign market without the authorization of the owner of the trademark, patent, or copyright.