menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 17: Introduction to Sales and Leases
  5. Question
    When a Consumer Purchases a Car on Credit, It Is
Solved

When a Consumer Purchases a Car on Credit, It Is

Question 14

Question 14

Multiple Choice

When a consumer purchases a car on credit, it is an example of a _____.


A) sale
B) secured transaction
C) lease
D) gift
E) bailment

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: The Code displaces all common-law rules with

Q10: Which of the following is true for

Q11: A merchant can only be defined in

Q12: Under the Uniform Commercial Code of offer

Q13: Julia, planning to move, sells many of

Q15: Able and Baker, two California residents, could

Q16: A clause in a finance lease requiring

Q17: When a salesperson says, "Don't worry about

Q18: Although the UCC comprehensively covers commercial transactions,

Q19: The Uniform Commercial Code defines a lease

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines