____ Essentially Determines the Nature of Agreements That Are Enforceable

question 97

Multiple Choice

____ essentially determines the nature of agreements that are enforceable and create legal rights between the parties.

• A) Agency law
• B) Contract law
• C) Civil law
• D) Litigation
• E) None of these choices.

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Definitions:

Debit Card

A card that acts like an electronic check and is not a credit or charge card; with each purchase, the amount is deducted from a checking account; purchases may not exceed the balance in the account.

Charge Card

A special type of credit card where the monthly bills for all purchases must be paid in full and there is no interest charged.

Truth-in-Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.

Deferred Payment Plan

A payment arrangement that allows a purchaser to pay for goods or services at a later date, often after receiving some form of benefit from them.