A Consumer Loan Probably Would Not Be Used to

question 113

Multiple Choice

A consumer loan probably would not be used to

• A)purchase an auto.
• B)pay for college tuition.
• C)consolidate several loans into one.
• D)finance a special vacation.
• E)buy back-to-school clothes.

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Definitions:

Necessary

Something essential or required in a particular situation, condition, or for a specific purpose.

Severely Intoxicated

A state of being under the influence of alcohol or drugs to a degree that significantly impairs one's mental and physical functions.

Disaffirmed

The act of denying, refusing to recognize, or invalidating an agreement or contract, especially in cases where one party lacks the capacity to enter into the agreement.

Mental Faculties

The cognitive functions and capabilities of the mind, including perception, reasoning, judgment, and memory.