Credit Bureaus Get Their Information from All of the Following

question 84

Multiple Choice

Credit bureaus get their information from all of the following sources except

• A) Banks.
• B) Credit card companies.
• C) Finance companies.
• D) References.
• E) Stores.

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Definitions:

Drawer Is Unauthorized

A statement indicating that the person who has made or drawn a cheque (the drawer) did not have the authority to do so, potentially rendering the cheque invalid.

Unaccepted Draft

A written order to pay a certain amount that has not been accepted or honored by the party it is drawn upon.

Transfer Warranty

Guarantees made by the seller regarding the ownership and quality of property being sold, assuring it is free of claims or liens.

Consideration

Something of value exchanged between parties in a contract, which can include money, services, or goods, making the contract legally binding.