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Tim Buys a High-Powered Tool from Binford Tools to Use

question 23

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Tim buys a high-powered tool from Binford Tools to use on the construction of his own garage.Binford Tools provides a full warranty on the tool for the first six months.To pay for the tool,Tim signs a negotiable promissory note which contains the FTC Notice.Binford properly negotiates the note to First Finance.Within three weeks,the tool stops working and Binford refuses to repair or replace it.In the meantime,First Finance demands payment from Tim.Under the Federal Trade Commission rules,this consumer credit situation means First Finance can:


Definitions:

Profit Motives

The drive to undertake activities for the purpose of making profit, often considered a primary objective in capitalism.

Kai Nielsen

A philosopher known for his work in ethics and religion, contributing to debates within these disciplines.

Health Care

A broad term that refers to the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

Fair Equality

A concept in ethics and political philosophy where individuals are given the same opportunities and conditions for success.

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