How Do Creditors Determine Your Credit-Worthiness

question 118

Short Answer

How do creditors determine your credit-worthiness?

Recognize key concepts and principles of operant conditioning, including reinforcement, punishment, shaping, and extinction.

Identify the applications of learning theories in real-world settings and problem-solving scenarios.

Distinguish between different types of learning, such as classical conditioning, operant conditioning, and observational learning.

Explain the significance of discriminative stimuli and how they influence behavior.

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Definitions:

Voidable

Capable of being made void; not utterly null, but annullable, and hence that may be either voided or confirmed. See also void.

Capacity To Contract

The legal ability of a party to enter into a contract, typically requiring that the person is of legal age and sound mind.

Oral Contract

A verbal agreement between parties that is legally binding, though harder to prove than written contracts.

Professional Consultation

The process of seeking expert advice in a specific field or industry from a qualified individual or organization.