Answer: The Truth in Lending Act (TILA) of 1968
Explanation: TILA is a law enacted by the USA federal law to protect lenders and consumers generally are treated justly.
The laws requires lenders to disclose the APR (annual percentage rate) of loans, finance charge, repayment schedule and total repayment amount in the documents to be sent to and signed by the lenders.
This is to control the excesses of lenders and the terms used in the contact must be simple to understand by the borrowers.
Answer:
D. Not effective
Explanation:
a. Effective if there are no other potential buyers.
b. Effective if TPI does not advertise the offer generally.
c. Effective if U-Store-It is currently expanding its facilities.
d. Not effective.
From the question, we are informed about how Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to communicate the offer to U-Store-It. In this case This offer is Not effective, this is because the offer wasnt communicated to U-Store. An offer can only be regarded as effective offer when 1) offeror is effective and serious to perform the offer
2) the terms and conditions of the offer is certain.
3) the offer is communicated to the offeree.
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Answer:
$80
Explanation:
Maximum wage is the maximum amount of money that a firm can pay its worker based on what the worker can produce and generate as revenue to the firm.
Given that the worker can produce 20 units of output which can be sold for $4 per unit, The maximum wage that the firm can pay the worker = output × price per unit output.
Maximum wage the firm can pay the worker = 20 units × $4 per unit = $80
The use of electronic mail proved to be significant in establishing communication between the firm and the consumer. Users of their product would now tell their claims and reports about its deficiencies only without going to the shop itself to solution the problems as fast as possible.
