(Last Word) Late Payment Fees and Overdraft Protection

question 39

Multiple Choice

(Last Word) Late payment fees and overdraft protection

• A) are illegal under the Truth in Lending Act.
• B) do not have to be reported under the provisions of the Truth in Savings Act.
• C) effectively charge high rates of interest on loans to bank customers.
• D) are unrelated to interest rates because they are fees.

Recognize the role of oral contracts and circumstances under which they are enforceable.

Identify the essential terms that must be included in a contract to make it enforceable.

Understand the concept of parol evidence and its limitations in adding to or varying the terms of a written contract.

Recognize the importance of performance as a factor in the enforceability of certain agreements.

---

Definitions:

Gay Marriages

Legal unions between individuals of the same sex, recognized by civil law and, in many regions, by religious institutions, signifying equality in marriage rights.

Anthony Kennedy

A former Associate Justice of the Supreme Court of the United States, known for his pivotal swing votes in many critical cases.

Supreme Court

The highest federal court in the United States, consisting of nine justices and having jurisdiction over all other courts in the nation.

Liberal Bloc

The Liberal Bloc refers to a coalition or grouping of political parties or individuals advocating for progressive policies and civil liberties.