For the Average Consumer There Is Usually a Set Limit

question 69

True/False

For the average consumer there is usually a set limit on open or revolving credit accounts.

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Definitions:

Legal Misrepresentation

An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into an agreement.

Concealing

The act of hiding, covering, or keeping something secret, often with the intent to deceive or defraud.

Termite Infestation

The presence and dwelling of termites in a structure, causing damage and potentially undermining the integrity of the property.

Misrepresentation

A false statement of fact made by one party to another party, which has the effect of inducing that party into a contract.