Author Question: John loans George money and they sign a written agreement whereby George will repay John in monthly ... (Read 95 times)

misspop · **on:** Jun 24, 2018

John loans George money and they sign a written agreement whereby George will repay John in monthly installments. Is this loan subject to the Truth-in-Lending Act?
A)Yes, if the loan is for more than 1,000.
B)Yes, if John and George live in different states.
C)No, if John is not in the business of offering credit.
D)No, if John and George are related.

Question 2

Appeals of a binational panel decision may be taken to:
A) The World Trade Organization.
B) the court of law in the country in which the dispute took place.
C) The Extraordinary Challenge Committee.
D) The NAFTA Fair Trade Commission.
E)none of the above.