T Borrowed D's Automobile for the Purpose of Delivering a Parcel

question 52

True/False

T borrowed D's automobile for the purpose of delivering a parcel to the post office. On his return, T parked D's automobile in his own garage, and refused to return it to
D. T's actions constitute conversion and would entitle D to take legal action to recover his automobile.
TRUE

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Definitions:

Billing Cycle

A predetermined amount of time set by the credit card company that is used for calculating a credit card bill.

Credit Card

A type of credit card account that has a revolving charge where the entire bill does not have to be paid in full each month.

Deferred Payment Plan

A payment arrangement that allows payment to be postponed for a certain period, often used in loans and purchase agreements.

Finance Charge

The total cost of borrowing, including interest and any other fees, applied to credit or loan accounts.