To Avoid Litigation,some Credit-Granting Companies

question 17

Multiple Choice

To avoid litigation,some credit-granting companies

• A)choose not to respond to customer requests for credit.
• B)choose to omit from their letters the explanation for credit denial.
• C)make the name and address of the credit bureau inaccessible to the consumer.
• D)refuse credit by phone rather than in writing.

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Definitions:

Syllogisms

Logical arguments that apply deductive reasoning to arrive at a conclusion based on two or more premises that are asserted to be true.

Minor Term

In syllogistic logic, the term that appears in the conclusion and is the subject of the minor premise.

Major Term

In logic, specifically in a syllogism, the major term is the predicate of the conclusion.

Distributed

Pertains to systems that spread functions, processes, or data across multiple locations or computing devices.