Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In January 2020, John (18 years old) obtained a $500 line of credit (25% APR) at Nice Electronics, an electronics store. On March 30, 2020,

In January 2020, John (18 years old) obtained a $500 line of credit (25% APR) at Nice Electronics, an electronics store. On March 30, 2020, John charged $400 on the credit card and failed to make any payments over the next year and a half. In September 2020, Nice Electronics sold John's debt to Green Debt, Inc., a debt collector. Since October 2020, Green Debt has continuously made calls to John's employer during business hours in an effort to collect the Nice Electronics debt, which due to interest and fees, is now $1,057.35.

Question: Identify any protections that may be available to John and whether Green Debt has violated any laws.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Ewan McKendrick

13th Edition

1352005255, 978-1352005257

More Books

Students also viewed these Law questions