Which of the Following Was the Result in Paula E

question 24

Multiple Choice

Which of the following was the result in Paula E.Rossman v.Fleet Bank R.I. ) National Association,the case in the text in which the plaintiff sued the defendant after she opened a credit card account based on the promise that no annual fee would be charged;but the policy was changed shortly thereafter,and she was charged an annual fee?

• A)That the defendant was liable to the plaintiff because it engaged in a bait-and-switch scheme.
• B)That the defendant was liable to the plaintiff because it violated provisions of the Truth in Lending Act.
• C)That the defendant committed no violation of the law because its offer disclosed that terms and policies could be changed.
• D)That the defendant committed no violation because it was not required to disclose future fees,only current ones.
• E)That the defendant committed no violation of the law because it was entitled to change its policies at will.

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Definitions:

Job

A specific piece of work or task undertaken for payment or to achieve a particular result, often within the context of employment or contracting.

Owner's Withdrawals

Money or other assets taken out of a business by the owner for personal use, not considered a business expense.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owner's claim on the business assets.

Expenses

Costs incurred in the process of earning revenue, typically classified as operating or non-operating expenses.