Which of the Following Statements Is Not True Regarding Reviewing

question 32

Multiple Choice

Which of the following statements is not true regarding reviewing your credit report?

• A)You will be able to determine if any errors have been made so they can be corrected
• B)It will help determine if there are credit cards that you should apply for to improve your credit standing
• C)It will reveal the kind of information that lenders will consider when making a decision to extend credit
• D)Will reveal deficiencies that you can work to eliminate that will improve your credit rating

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Definitions:

Paint Peeling

The process where paint loses adhesion and strips away from the surface it was applied to, often due to age, environmental conditions, or poor application.

Privity of Contracts

A principle that contracts are private agreements between the parties who have entered into them, and typically, only those parties have rights or liabilities under the contract.

Statutory Assignment

Refers to the legal transfer of rights from one party to another as prescribed by statute.

Statutory Assignment

The transfer of legal rights from one party to another under the terms of a statute or law.