Audio Queen sold Dien a sound system on credit. Dien stopped making the monthly payments due under the loan agreement. In attempting to collect the bill from Dien, which statement is correct? Audio Queen is governed by the Fair Debt Collection Practices Act because the loan was a consumer loan. O Audio Queen is governed by the Fair Debt Collection Practices Act because it is attempting to collect a debt. Audio Queen is not governed by the Fair Debt Collection Practices Act because Audio Queen is collecting its own debt. Whether or not Audio Queen is governed by the Fair Debt Collection Practices Act depends on whether Audio Queen took a security interest in the sound system.

Audio Queen sold Dien a sound system on credit. Dien stopped making the monthly payments due under the loan agreement. In attempting to collect the bill from Dien, which statement is correct? Audio Queen is governed by the Fair Debt Collection Practices Act because the loan was a consumer loan. O Audio Queen is governed by the Fair Debt Collection Practices Act because it is attempting to collect a debt. Audio Queen is not governed by the Fair Debt Collection Practices Act because Audio Queen is collecting its own debt. Whether or not Audio Queen is governed by the Fair Debt Collection Practices Act depends on whether Audio Queen took a security interest in the sound system.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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