AFIP - BASIC CERTIFICATION COURSE | 151 QUESTIONS WITH 100% VERIFIED ANSWERS

AFIP - BASIC CERTIFICATION COURSE | 151 QUESTIONS WITH 100% VERIFIED ANSWERS 1. The ________ issues UDAP violations to dealers, the ________ issues UDAAP violations to dealers.: CPFB, FTC 2. (True/False) If circumstances require that a second lease agreement be executed - the customer must be recontracted - the date recorded on the second agreement must be the date of the original contract.: False 3. Which of the following events, if any, can terminate an offer?: A. Death or insanity of an offeree or offeror 4. What is "consideration" as it applies to a contract?: A. The requirement that each party to the contract receives something of value in exchange for what is given 5. If a customer is re-contracted five days after the original agreement was executed, how should the second agreement be treated?: B. As an entirely new agreement, with the date the second contract is executed recorded on the installment sale agreement. 6. (True/False) TILA/Reg Z treats "loans" and "credit sales" the same way since they are both essentially a promise to pay.: False 7. Although not specifically required by the TILA or Reg Z., an installment sale contract may contain an acceleration clause.