Consumers have the right to honest communication about the products and services they buy and the companies they buy them from

The UCC has abolished the common law requirement of consideration in all contracts involving the sale of goods

a. True b. False Indicate whether the statement is true or false

Sheldon has a home valued at $108,000 with an outstanding mortgage of $70,000. If his lender is willing to provide a home equity loan of up to 80% of the market value, how much can Sheldon borrow using a home equity loan?

A) $86,400 B) $80,000 C) $38,000 D) $30,400 E) $16,400