Answer:
Under the Truth in Lending Act a consumer obtains a loan that is secured by a principal residence the has the right to rescind in three business days with the exception of a purchase and construction of a principle residence. This statement is TRUE.
Explanation:
The 'Truth in Lending Act' ( TILA) ensures that there is a specific way informed to use credit cards. It promotes the exposure of its terms and costs so that there is a standard way of calculating the cost of loan borrowing. This is a federal law in which lenders are required to provide clients with all the information of loan cost so that they can compare various loans that are given.
Under this act, debtors can cancel certain transactions for a period of three days from the date of transaction or the date from which notice has been given of their right to withdraw, whichever is later. Thus, the statement is TRUE.
I believe that "Majority Opinion" is the correct answer.
Answer:Negative reinforcement
Explanation:
Negative reinforcement is based on operant conditioning theory. In negative reinforcement a positive behavior is enhanced by taking away a negative outcome or eliminating an aversive stimulus.
Aversive stimuli is everything that brings someone physcally or psychologically discomfort.
Negative reinforcement then means someone is able to avoid aversive stimuli prior to its occurrence. It is like taking prevention rather cure so you eliminate what ever can bring you a negative outcome before the negative outcome occurs.
