The Fair Debt Collection Practices Act Defines All of the Following

question 33

Multiple Choice

The Fair Debt Collection Practices Act defines all of the following practices as abusive,EXCEPT:

• A)unfair means to collect a debt.
• B)falsely representing that a lawsuit is about to be filed.
• C)telephoning the debtor at 8:00a.m.
• D)using obscene language.

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Definitions:

UPA

Uniform Partnership Act, a model law that governs partnership formation and operation in the United States to maintain consistency across states.

Liquidated Assets

Assets that have been converted into cash or cash equivalents, often in the process of paying off debts.

Partnership

A legal arrangement in which two or more individuals share ownership of a business, including its profits, losses, and responsibilities.

Partnership Liabilities

Obligations that arise during the course of a partnership's operation that all partners are typically jointly and severally responsible for.