Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $ 1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $ 1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system. To find: The act which prohibits credit discrimination.

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Answer 1

Question

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

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Answer 2

Question

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

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Answer 3

Question

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

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Answer 4

Question

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

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Answer 5

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

Answer 6

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

Answer 7

Chapter 24, Problem 3RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 24 - Prob. 1RE Ch. 24 - Prob. 2RE Ch. 24 - Prob. 3RE Ch. 24 - Prob. 4RE Ch. 24 - Prob. 1IS Ch. 24 - Prob. 2IS Ch. 24 - Prob. 1BS Ch. 24 - Prob. 2BS Ch. 24 - Prob. 3BCP Ch. 24 - Prob. 4BCP

Solution Summary: The author explains that LS, an African-American, read an advertisement in a local motorcycle dealer about the sale of an electronic scooter EZ for

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Chapter 24 Solutions