On an Installment Loan,the APR Will Always Be Higher Than

question 153

True/False

On an installment loan,the APR will always be higher than the add-on rate applied.

---

Definitions:

Acceptance

In contract law, acceptance refers to the expression of agreement to the terms of an offer, resulting in a contract.

Forbearance To Act

Refers to a legal principle involving the deliberate abstention from enforcing a right.

Contractual Agreement

A legally binding agreement between two or more parties outlining their rights and obligations.

Extensive Problems

Extensive problems refer to a wide range or significant number of issues that are often complex and require considerable effort to resolve.