A Television Rent-To-Own Contract That Requires 24 Payments of $30

question 52

True/False

A television rent-to-own contract that requires 24 payments of $30 each before the renter owns the $199 television set is unconscionable.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behaviors.

Self-Serving Bias

The common tendency to attribute one’s successes to personal characteristics and failures to external factors.

Shock Machine

Often associated with psychological experiments, it refers to a device used to deliver an electric shock to a subject, typically used in studies on obedience, learning, and punishment.

Stanley Milgram

A psychologist best known for his research on obedience to authority, which revealed how people are willing to follow orders even when it results in harming others.