Consumers Have a Right To

question 34

Multiple Choice

Consumers have a right to:

• A) exclude as obsolete information about a bankruptcy discharge seven years previously.
• B) know the name of anyone to whom credit information has been supplied by a consumer reporting agency within the last three years.
• C) have their own version of a disputed credit situation included in their credit file.
• D) have their credit rating reviewed at least once a year.

---

Definitions:

Fully Satisfied

A state where all conditions or obligations have been met or fulfilled to the complete satisfaction of all involved parties.

Liquidated Damages

A contractual provision that specifies a predetermined sum to be paid if a party breaches the agreement.

Reasonably Related

A legal standard used to determine if the connection between two concepts or actions is logical or justified, often in the context of regulatory or employment actions.

Compensatory Damages

Monetary awards given to a plaintiff to compensate for losses, injury, or harm suffered due to the defendant's actions.