According to the Keown Book,how Does a Consumer Avoid Predatory

question 167

Multiple Choice

According to the Keown book,how does a consumer avoid predatory lending?

• A)Regulation
• B)Legal action
• C)Knowledge
• D)Steering

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. This duty is paramount in relationships such as trustee and beneficiary, advisor and client.

Confidential Information

Material, knowledge, or data that is not to be disclosed to unauthorized persons, because its secrecy provides an advantage or value.

Non-disclosure Provision

A clause in a contract that prohibits the sharing of confidential information with unauthorized persons.

Trade Secret

Proprietary data that gives a company a market advantage and is actively protected to keep it secret.