Examlex

Solved

An Advertisement Promising to "Unlock Your Hidden Potential in Just

question 34

Multiple Choice

An advertisement promising to "unlock your hidden potential in just two hours!" should be suspect because


Definitions:

Debtor

An individual or entity that owes a debt to another; the opposite party being a creditor.

Secured Creditor

A creditor that has a legal claim, called a lien, on the debtor's assets, ensuring priority payment if the debtor defaults on the obligation.

Unsecured Creditor

A creditor who extends credit without requiring specific collateral to secure the debt owed by the borrower.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized if the loan is not repaid.

Related Questions