The Truth in Lending Act Covers Credit Extended for a

question 25

Multiple Choice

The Truth in Lending Act covers credit extended for a

• A) business or commercial transaction.
• B) large apartment building.
• C) mobile home which is used as a residence.
• D) loan secured by a car valued at $30,000.

---

Definitions:

Maxim

A brief, concise saying that conveys a universal principle or ethical guideline.

Kantian Theory

A philosophical doctrine founded by Immanuel Kant, emphasizing the importance of morality based on duty and the principle that human beings should treat each other as ends in themselves, not as means to an end.

Due Process

A legal principle that ensures fair treatment through the judicial system, particularly by respecting a person's legal rights.

Fair Trials

Legal proceedings that adhere to established rules and principles, ensuring impartiality and the right to a fair judgment for all parties involved.