Tony Shinn Is Applying for a Mortgage to Purchase His

question 94

Multiple Choice

Tony Shinn is applying for a mortgage to purchase his first home. His credit rating is mediocre due to several late payments on his credit cards and car loan. He is upset because his friend Jerry was offered an interest rate 3 percent less than what Tony was offered by the same mortgage company. This mortgage company's actions were

• A) unethical―both Tony and Jerry should have been charged the same interest rates, regardless of their credit histories.
• B) ethical―this is just a part of doing business because credit history is an important indicator of future payments.
• C) illegal―subjective factors may not be used when determining which credit offers may be extended to certain customers.
• D) unethical if Tony is a minority and Jerry is not.
• E) unethical and illegal―customers must all be treated the same.

Know the impact of legal limitations, like statutes of limitations, on contractual duties and rights.

Understand the definition, purpose, and impact of white papers.

Differentiate between owned, earned, and paid media.

Recognize the expectations of consumers regarding brands' presence on social media channels.

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Definitions:

Celibacy

The state of abstaining from marriage and sexual relations.

Family Planning

The practice of controlling the number of children one has and the intervals between their births, particularly by means of contraception or voluntary sterilization.

Oral Contraceptives

Medications taken by mouth to prevent pregnancy, consisting of hormones that inhibit female fertility.

Quick Start Method

A contraception initiation technique where birth control is started immediately, regardless of the menstrual cycle phase, to provide prompt contraceptive effect.