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A federal law, the , prohibits abusive practices when collecting debt

Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan ISBN: 9780538444521 464

Solution for problem 12 Chapter 9

Personal Financial Literacy | 1st Edition

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Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan

Personal Financial Literacy | 1st Edition

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Problem 12

A federal law, the , prohibits abusive practices when collecting debt.

Step-by-Step Solution:
Step 1 of 3

Legal Studies Chapter 11 Sales and Lease Contracts 2/26/16  Scope of article 2 and 2a o UCC 2 used in event of dispute or cap fillers o 2: sales of goods o 2a: lease of goods  Scope article 2 o Sale  Giving the “title” from a seller to a buyer  “title” can be property, car, asset, etc. o Good  Tangible, not a service  Moveable from place to place  Real estate is not a good, cannot move land  Goods associated with real estate o Can own trees/ dirt/ etc. unless they are extracted o Don’t always own subsurface material (oil/

Step 2 of 3

Chapter 9, Problem 12 is Solved
Step 3 of 3

Textbook: Personal Financial Literacy
Edition: 1
Author: Joan Ryan
ISBN: 9780538444521

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A federal law, the , prohibits abusive practices when collecting debt