For These Types of Organization,no Distinction Is Made Between Business

question 84

Multiple Choice

For these types of organization,no distinction is made between business and personal assets.

• A)Sole proprietorship
• B)General partnership
• C)Limited partnership
• D)All of the above
• E)Both A and B

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Definitions:

Truth In Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Open-End Credit

A revolving line of credit that allows borrowers to spend up to a specified limit, pay off the debt, and borrow again without having to reapply for a new loan.

Detailed Disclosure

Detailed disclosure refers to the comprehensive provision of information relevant to a decision, transaction, or agreement, often required by law or regulations in financial and other formal contexts.

Debit Card Applications

Debit card applications are forms or processes by which individuals apply for cards that allow them to spend money by deducting directly from their bank accounts.