D Question 1 2 pts Under the CARD Act, gift cards cannot have an expiration date earlier than 5 years from the date of issuance. O True O False Question 2 2 pts The Truth in Lending Act applies to a consumer loan, even if there are no finance charges for installment payments. O True O False\fA standby letter is a form of a letter of credit True O False Question 6 2 pts Who is not a party to a letter of credit: O Issuer O Beneficiary O Holder in due course O Customer Question 7 2 pts Fraud on behalf of the principal that is unknown to the creditor and in which the creditor has not taken part, does not ordinarily release a surety. O True O False