Consumer Credit Dates Back to Colonial Times Where Farmers Came

question 143

True/False

Consumer credit dates back to colonial times where farmers came to use it extensively .

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Definitions:

Doctrine

A principle or body of principles presented for acceptance or belief, as by a religious, philosophical, scientific, or political group.

Liability

A legal responsibility or obligation, which can be civil or financial in nature.

Reasonable-Person Standard

A legal criterion used to determine how an average person with ordinary prudence would act in certain situations.

Objective

A goal or target that is intended to be achieved.