When Using the Unpaid or Previous Month's Balance Method

question 19

Multiple Choice

When using the unpaid or previous month's balance method:

• A) the billing cycle is always 30 or 31 days
• B) you should first multiply the unpaid or previous month's balance by the monthly rate
• C) the first step in calculating the new unpaid balance is to determine the purchases for the period and then add them to the previous balance
• D) the average daily balance is the same as the unpaid balance

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Definitions:

False Imprisonment

An intentional tort involving the unjustified confinement or detention of a person.

False Light

A privacy tort involving publishing information that portrays someone in a misleading or deceitful manner, which could be embarrassing or offensive, even if not defamatory.

Actual Malice

The legal test used by the courts to determine defamation against a public official or a public figure. The actual malice test requires the public official or public figure to prove not only that the statement was false, negative, and communicated to a third party, but also that it was made with the knowledge that it was false or with a reckless disregard for its truth or falsity.

Defamation

A false statement presented as fact that causes injury or damage to the reputation of the person or entity targeted by the statement.