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A local couple, the Jacobs, recently purchased a new car. After the dealer drew up the original purchase order, the paperwork was redone multiple times:
- A local couple, the Jacobs, recently purchased a new car. After the dealer drew up the original purchase order, the paperwork was redone multiple times: sometimes by the dealer, other times by the credit union financing part of the purchase price. These are the events that required new paperwork:
- The original car was supposed to be built at the end of June and delivered in July. Another car became available and the Jacobs decided to buy it instead.
- The Jacobs decided at their next visit to add some options, including a kayak rack.
- Later that day, they reworked their finances and decided to add $3,000 to their down payment.
- The credit union misspelled one of the names on the loan documents.
Select two of the changes. For each one identify: the error that would have occurred if the change were not properly reflected in the documents and whether the issue affected the dealer, the credit union, or both.
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