Leo's Application to Metro Bank for a Credit Card Is

question 12

Multiple Choice

Leo's application to Metro Bank for a credit card is denied on the basis of what Leo believes is an inaccurate credit report. Leo should

• A)immediately apply for a credit card with a different financial institution.
• B)appeal the denial to the appropriate federal or state agency.
• C)obtain his credit report and notify the reporting agency of inaccuracies.
• D)file a suit against the bank, alleging a violation of federal credit laws.

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Definitions:

Conveyance

The act of transferring ownership of property from one party to another, often involving real estate.

Gift

A voluntary transfer of property for which the donor receives no consideration in return.

Title

The formal right of ownership of property, whether real or personal, tangible or intangible.

Bailment

The temporary placement of control over or possession of personal property by one person into the hands of another, under agreement.