Match Each Term with Its Definition

question 41

Multiple Choice

Match each term with its definition.
-Person who has disappeared or moved to avoid payment of bills

• A)third-party check
• B)postal money order
• C)Federal Trade Commission (FTC)
• D)Fair Debt Collection Practices Act (FDCPA)
• E)Truth in Lending Act (TILA)
• F)validation notice
• G)collection agencies
• H)statute of limitations
• I)skip
• J)bankruptcy

---

Definitions:

Merchantable Quality

Freedom of goods from defects that, if known, would impact the price.

Implied Terms

Provisions not expressly stated in a contract but assumed to exist by the nature of the agreement or by law.

Office Building

A structure designed primarily for hosting professional or administrative services and businesses.

Oral Lease

A verbal agreement between a landlord and tenant regarding the rental of property, which may be legally binding but harder to enforce than a written lease.