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Which of the Following Was the Court's Holding in the Case

Question 62

Multiple Choice

Which of the following was the court's holding in the case in the text Music Acceptance Corp.v.Lofing?


A) The FTC rule was inapplicable because the transaction did not exceed $25,000.
B) The plaintiff was in the same position whether the court applied the FTC rule or the language of the contract.
C) The FTC rule was inapplicable because the plaintiff did not use credit to make the purchase.
D) The Music Acceptance Corp.was a holder in due course.

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