Cecilia borrows $20,000 from Debit &Credit Union to repair her home and to buy a car. She buys a laptop from eStuf Store in a transaction financed by the seller. If these parties are subject to the Truth-in-Lending Act, Regulation Z ap-plies to
a. the car loan only.
b. the home repair loan only.
c. the retail installment sale only.
d. the car loan, the home repair loan, and the retail installment sale.
D
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With ________ theory, courts attempt to balance the interests of the plaintiffs in recovering for injuries caused by defective products against the manufacturers' interests in not being held liable for injuries caused by a product they did not
produce. A) free market B) market share C) strict liability D) comparative negligence
The difference between a guarantee and an indemnity is that
A) the guarantor has unlimited liability for any debts of the prinicipal debtor B) the person who signs the indemnity can be called on before the principal debtor to repay the debt C) the person who signs the indemnity has unlimited liability for any debts of the principal debtor D) the person who signs the guarantee can be called on before the principal debtor to repay the debt E) there is no difference between a guarantee and an indemnity