Which of the Following Can Be Sued for by Consumers

question 110

Multiple Choice

Which of the following can be sued for by consumers under the TILA:

• A) twice the amount of the finance charge (up to $1000)
• B) court costs
• C) attorney's fees
• D) all of the other specific choices are correct
• E) none of the other choices are correct

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Definitions:

Sales Collection

The process of receiving payment from customers for goods or services sold, improving cash flow and liquidity.

Operating Expenses

Regular expenses associated with the operation of a business, such as rent, utilities, and payroll, not directly tied to production.

Cost of Sales

The immediate expenses related to the manufacturing of products sold by a business, encompassing costs for materials and labor.

Cash Receipts

Money received by a business during a particular period, including revenues from sales and other transactions.