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NEW QUESTION: 1
Cassandra Phillips requested a loan to purchase a boat. She asked for $15,000 at 7.5 percent for seven years. The bank considered her request but decided, considering her income and credit history, the best offer of credit the bank could make was $10,000 at 8.25 percent for five years. Rhonda Mays, the loan officer, wrote a letter, setting forth the terms the bank could offer. The letter was mailed on July 1. Ms.
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Does the bank have any additional responsibility to Ms. Phillips?
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D. No. Because the customer decided to look elsewhere, there is no further responsibility.
Answer: C
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B. Replace the battery.
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