Unascertained Goods Are Goods That Are Defined by Description Only

question 14

True/False

Unascertained goods are goods that are defined by description only.

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Definitions:

Equal Credit Opportunity Act

A United States law that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age.

Extension Of Credit

An agreement to allow a purchaser to pay for goods or services at a future date, typically involving interest fees.

Fair Credit Reporting Act

A U.S. federal law designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.

Investigative Report

A detailed report compiled as the result of a systematic, in-depth investigation or research into a specific issue, situation, or allegation.