The Contract for a Credit Card Account Is Called the

question 65

Multiple Choice

The contract for a credit card account is called the

• A)promissory note.
• B)credit agreement.
• C)credit application.
• D)credit report.

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Definitions:

Principal Awareness

The knowledge or understanding attributed to a principal party, typically in the context of legal liability or agreements.

Information Provided

Data or facts made available by one party to another, typically in the context of a transaction, agreement, or investigation.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in business transactions.

Obtain Property

The act of gaining possession or control over property through legal means or transactions.