Explain whether Chapman’s contract violates the Truth-in-Lending Act-Explain whether the Hensons should prevail.
ASSIGNMENT Mary Smith bought a car from Doug Chapman under an installment sales contract. Smith carried the insurance on the car, as required by the contract. Shortly after Smith purchased the car, it was wrecked in an accident. Smith’s insurance company paid Chapman the installments still owed on the car as well as Smith’s equity […]