By Making the Minimum Payment on a Typical Credit Card,a

question 84

True/False

By making the minimum payment on a typical credit card,a borrower will have the debt paid off in about two years.

---

Definitions:

Unilateral Mistake

A situation in contract law where only one party is mistaken about a fundamental aspect of the contract, which under certain conditions, may lead to the contract being voided.

Elements

Fundamental components or aspects that constitute the essential characteristics of something.

Type of Fraud

Specific categories of deceit or trickery intended to gain an unfair or unlawful advantage, such as identity theft or insurance fraud.

Establish

To set up, start, found, or create something on a firm or permanent basis.