which details apply to a financing contract? check all that apply.\n□ requires a credit check\n□ are always…

which details apply to a financing contract? check all that apply.\n□ requires a credit check\n□ are always less expensive than using a credit card\n□ includes interest rate information\n□ requires a signature for rent-to-own agreements\n□ can be broken at any time

which details apply to a financing contract? check all that apply.\n□ requires a credit check\n□ are always less expensive than using a credit card\n□ includes interest rate information\n□ requires a signature for rent-to-own agreements\n□ can be broken at any time

Answer

Brief Explanations:

  • "requires a credit check": Lenders assess creditworthiness for financing, so this applies.
  • "are always less expensive than using a credit card": Not true, financing costs vary; some credit card offers may be cheaper.
  • "includes interest rate information": Financing contracts (loans, etc.) must disclose interest rates.
  • "requires a signature for rent - to - own agreements": Rent - to - own is a financing - like arrangement, and signatures are required for legal contracts.
  • "can be broken at any time": Financing contracts have legal obligations; breaking them has consequences, so this is false.

Answer:

  • requires a credit check
  • includes interest rate information
  • requires a signature for rent - to - own agreements