Which of the Following Is One of the Disadvantages of Following

question 106

Multiple Choice

Which of the following is one of the disadvantages of following the customer relationship doctrine?

• A)High interest costs on loans
• B)Negative returns on loans
• C)Poor credit scores of customers
• D)Fewer loyal customers
• E)Low service fees

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Definitions:

Consideration

The worth, including currency, services, or items, that is traded between entities in an agreement.

Contract Void

A contract void is a contract that is deemed legally nonexistent and unenforceable from the outset, due to illegality or other serious defects.

Undue Influence

Undue influence is a legal concept where an individual is able to persuade another's decisions due to the relationship between the two, often leading to an unfair advantage.

Misrepresentation

A false statement of fact made by one party to another, which induces that other party to enter into a contract.