In Applying for Credit,you Should Omit All Data Having to Do

question 76

True/False

In applying for credit,you should omit all data having to do with your net worth since lenders may wish to attach it as collateral.

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at preventing anticompetitive practices in their incipiency, including price discrimination, exclusive dealing agreements, and mergers.

Celler-Kefauver Act

A U.S. law passed in 1950 aimed at preventing anti-competitive mergers and acquisitions that might reduce competition.

Mergers

The combination of two or more companies into a single entity, typically to increase market share or reduce competition.

Standard Oil Case

A 1911 antitrust case in which Standard Oil was found guilty of violating the Sherman Act by illegally monopolizing the petroleum industry. As a remedy, the company was divided into several competing firms.