Multiple Choice
Paychex Loan Company extends credit in the ordinary course of its business.Under the Truth-in-Lending Act,Paychex must inform potential borrowers of
A) credit terms offered by other lenders and its own credit terms.
B) no credit terms.
C) only its own credit terms.
D) only the credit terms that will convince borrowers to "close the deal."
Correct Answer:
Verified
Correct Answer:
Verified
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