A Credit Card Holder May Withhold Payment on a Faulty

question 90

Multiple Choice

A credit card holder may withhold payment on a faulty product,providing a good faith effort was made to settle the dispute,under the:

• A)Truth-In-Lending Act.
• B)Equal Credit Opportunity Act.
• C)Fair Credit Billing Act.
• D)Fair Credit Reporting Act.

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Definitions:

Authoritarianism

A form of government characterized by strong central power and limited political freedoms. Individual freedoms are subordinate to the state and there is no constitutional accountability under an authoritarian regime.

Oligarchy

A form of government where power effectively rests with a small number of people, distinguished by royalty, wealth, family ties, education, corporate, or military control.

Aristocracy

A class of people considered to have superior status or privileges, often inherited, based on noble lineage, wealth, or titles.

Direct Democracy

A form of democracy where the people vote on policies directly, rather than through elected representatives.