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Please do not give solution in image format thanku A consumer entered into an agreement with Rent-It Corporation for the rental of a television set at a charge of $17 per week. The agreement provided that if the renter chose to rent the set for seventy-eight consecutive weeks, title will be transferred.   The consumer now contends that the agreement is really a sales agreement, not a lease, and therefore is a credit sale subject to the Truth-in-Lending Act.   Explain whether the consumer is correct.   To what extent should the government regulate business?

Please do not give solution in image format thanku A consumer entered into an agreement with Rent-It Corporation for the rental of a television set at a charge of $17 per week. The agreement provided that if the renter chose to rent the set for seventy-eight consecutive weeks, title will be transferred.   The consumer now contends that the agreement is really a sales agreement, not a lease, and therefore is a credit sale subject to the Truth-in-Lending Act.   Explain whether the consumer is correct.   To what extent should the government regulate business?

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Please do not give solution in image format thanku

A consumer entered into an agreement with Rent-It Corporation for the rental of a television set at a charge of $17 per week. The agreement provided that if the renter chose to rent the set for seventy-eight consecutive weeks, title will be transferred.

 

The consumer now contends that the agreement is really a sales agreement, not a lease, and therefore is a credit sale subject to the Truth-in-Lending Act.

 

Explain whether the consumer is correct.

 

To what extent should the government regulate business?

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