Typically, a Credit Card Company Will Use Information About a Customer's

question 16

Multiple Choice

Typically, a credit card company will use information about a customer's age, gender, income and past credit history to assess his or her credit risk. This is an example of:

• A) single-source data.
• B) data conversion.
• C) customer discovery.
• D) sequence discovery.

Recognize the legal consequences of intoxication on contractual capacity and the voidability of contracts.

Understand role of good faith purchasers in the context of contracts voided by minors.

Recognize the applicability of the Uniform Commercial Code (UCC) towards contracts entered by minors.

Understand the conditions under which a minor may disaffirm a contract.

---

Definitions:

Jack-of-all-trades

An individual skilled in many different areas, capable of performing competently in a variety of tasks or professions.

Net Exports

The difference between a country's total value of exports and total value of imports. If exports exceed imports, net exports are positive; if imports exceed exports, net exports are negative.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's total economic output.

Imports

Goods or services that are brought into a country from abroad for sale.