Minor may not enter into legal contracts, they may need a parent or guardian to _____________ who would be responsible in case of a breach.
What is "Cosign?"
100
A promise explained by the vendor.
What is an "Express Warranty?"
100
A PIN is this;
What is a "PERSONAL IDENTIFICATION NUMBER?"
100
When you go to a store to purchase an advertiser deal, the seller attempts to convince you that you'd be better off with a more expensive product.
You've been exposed to this technique:
What is "BAIT AND SWITCH?"
100
We're supposed to have this many justices on the Supreme Court.
What is 9?
200
Failure to live up to the terms of a contract is considered a _______________.
What is a "Breach?"
200
A product will do what it is supposed to do, such as work is part of this type of warranty.
What is "IMPLIED?"
200
When the lender is retaining something of value such as money from the borrower, we would say it is this type of credit.
What is "SECURED CREDIT?"
200
Telemarketers are not allowed to call you after this time in the evening.
What is "9:00 pm?"
200
How many years is the term of a member of the House of Representatives?
What is 2?
300
Contracts begin with the step where one party declares intent to enter an agreement.
What is an "OFFER?"
300
This is an attempt to limit the seller's responsibility with problems with their product.
What is a "DISCLAIMER?"
300
When the borrower can get credit only on the promise to repay.
What is "UNSECURED" credit?
300
A reason to consider a month to month lease.
What is "You're not sure about staying long?"
300
Our Vice-President.
Who is Joe Biden?
400
When entering a contract, one should get the terms in writing especially when it's over this amount.
What is $500.00?
400
A seller's exaggeration about the fitness of a product.
What is "PUFFING?"
400
APR is this;
What is the ANNUAL PERCENTAGE RATE for interest?
400
A reason NOT to accept a month-to-month lease.
What is 1. raising the rent, 2 easier eviction, 3. more expensive?
400
Speaker of the House
Who is Paul Ryan?
500
Binding contract or not and why:
Lucy agrees to sell Charlie a pound of marijuana in Florida for $16.00. When she doesn't produce the pot, Charlie files a claim in court.
What is NOT BINDING- Illegal Contracts are NOT binding.
500
An important piece of legislation that improved consumer rights.
What is the "MAGNUSON-MOSS WARRANTY ACT?"
500
Charging above the customary rate for credit is called this;
What is "USURY?"
500
You're moving out of your apartment before the lease is up. Your friend would like to take over the lease. This is the clause that would allow you to move the terms of the lease to your friend.
What is a "SUBLEASE" clause?
500
"A well-regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
is from this document.
What is the 2nd Amendment to the Constitution of the United States?