Which One of the Following Is Not a Common Consumer

question 102

Multiple Choice

Which one of the following is not a common consumer myth?

• A)"An auto lease is like a rental; if I have problems with the car or paying, I can just bring it back."
• B)"Automotive service contracts can cover repairs not included in the manufacturer's warranty."
• C)"I can return my car within 3 days of purchase."
• D)"You can't repossess my car; it's on private property."
• E)"My creditors can't call me at work."

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Definitions:

Calls in Advance

Money received by a company from shareholders before their shares have been issued to them, often applied towards future calls on shares.

Share Issuance Costs

Expenses associated with the issuance of new shares, such as underwriting, legal, and registration fees.

Financial Statements

Formal records of financial activities and position of a business, person, or other entity, presenting the financial results over a specific period.

Forfeited Shares

Shares that are surrendered or taken back by a company from an investor because of the non-fulfillment of purchase conditions or agreements.