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Law - Final Exam (12)

AB
Bait and Switchinsincere offer to sell a product on terms that sound too good to be true
What do you call it when a seller is trying to switch a customer to a more expensive item?bait and switch
Debts not wiped by bankruptcy?taxes, alimony, child support, student loans
1968 Truth-In-Lending Actrequires creditors to provide debtors with certain basic information about the cost of buying on credit
Debtorpeople who borrow money or buy on credit and delay paying for the goods and services
Warranty of Titleseller warrants that the product being sold is not stolen
Limited Warrantya written warranty thata covers some defects but not others
Warrantypromise made by seller that goods offered for sale will perform properly



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