Which of the Following Was the Result on Appeal in Richard

question 67

Multiple Choice

Which of the following was the result on appeal in Richard D.Kennedy and Sally S.Kennedy v.Chase Manhattan Bank,U.S.A.,N.A.,the case in the textbook involving whether a bank may obtain an individual's credit report to determine whether to extend credit after providing a prequalified offer for a credit card?

• A)The court ruled in favor of the bank on the basis that the prequalification offer revealed that credit could be denied if,after the application was returned,the bank obtained credit reports and determined that the complainants did not meet the bank's standards.
• B)The court ruled in favor of the bank on the basis that banks may obtain credit reports on any loan applicant.
• C)The court ruled in favor of the bank on the basis that while banks may not obtain credit reports on each and every loan applicant regardless of circumstances,because of the risk involved,banks may obtain credit reports on any applicant for a credit card.
• D)The court ruled in favor of the plaintiff because the bank had extended an unqualified offer of a preapproved credit card and had no right to do a credit check.
• E)The court ruled in favor of the plaintiff because although the bank had a right to conduct a credit check,it had no right to deny the credit card because it was preapproved.

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Definitions:

REM Rebound

The tendency for REM sleep to increase following REM sleep deprivation.

Sequential Processing

A method of information processing where data is analyzed in a linear, step-by-step manner, often contrasted with parallel processing.

Cursive

A style of penmanship where characters are written in a flowing manner, typically for the purpose of making writing faster.

Conscious Information Processing

The deliberate and aware thinking, analysis, and judgement of information.