Question 1

Under the Fair Debt Collection Practices Act,what are the "convenient hours" to contact a debtor?

Accepted Answer

A)  between 8:00 a.m. and 5:00 p.m. 
B)  between 9:00 a.m. and 5:00 p.m. 
C)  between 8:00 a.m. and 8:00 p.m. 
D)  between 8:00 a.m. and 9:00 p.m. 
E)  at any time of the day or night, so long as the debt collector is respectful and courteous when he or she contacts the debtor 
A)  between 8:00 a.m. and 5:00 p.m. 
B)  between 9:00 a.m. and 5:00 p.m. 
C)  between 8:00 a.m. and 8:00 p.m. 
D)  between 8:00 a.m. and 9:00 p.m. 
E)  at any time of the day or night, so long as the debt collector is respectful and courteous when he or she contacts the debtor D

Question 2

Jan has decided to buy an abandoned chemical plant and revamp it to produce specialty plastics.Discuss some of the environmental issues that she most likely faces.

Accepted Answer

Because of the past use of the property,there is likely hazardous waste on the site.As a result,Jan could face liability as a landowner under the Comprehensive Environmental Response,Compensation,and Liability Act (CERCLA)for the costs of cleanup.She should have an environmental audit performed to learn the extent of the problem.In addition to compliance with other statutes,Jan will need to establish a system to comply with the storage and tracking requirements of the Resource Conservation and Recovery Act (RCRA)for any new hazardous waste she produces.

Question 3

States may require environmental impact studies for proposed developments based on:

Accepted Answer

A)  a delegation of power from the National Environmental Policy Act (NEP
A) . 
B)  the Fourteenth Amendment "equal protection" clause. 
C)  the Fifth Amendment "due process" clause. 
D)  a delegation of powers from the Environmental Protection Agency. 
E)  state police powers. 
A)  a delegation of power from the National Environmental Policy Act (NEP
A) . 
B)  the Fourteenth Amendment "equal protection" clause. 
C)  the Fifth Amendment "due process" clause. 
D)  a delegation of powers from the Environmental Protection Agency. 
E)  state police powers. E

Question 4

The Consumer Product Safety Commission (CPSC)is an independent federal administrative agency.

Accepted Answer

A) True 
 B)False

Question 5

The United States Congress enacted the Truth-in-Lending Act (TILA)in 1968 as part of the Consumer Credit Protection Act (CCPA).

Accepted Answer

A) True 
 B)False

Question 6

Under the Endangered Species Act,the "taking" of an endangered species requires that at least one specimen of the species ends up in the possession of the party.

Accepted Answer

A) True 
 B)False

Question 7

The Clean Water Act forbids the filling or dredging of wetlands,unless a permit has been obtained from the United States Army Corps of Engineers.

Accepted Answer

A) True 
 B)False

Question 8

Statements of opinion and "sales talk" do not constitute false and deceptive advertising.

Accepted Answer

A) True 
 B)False

Question 9

Mary recently purchased her first new car.After driving the car for a few months,it developed a severe vibration problem at certain speeds.She took it to the dealer,and they fixed the car at no charge under the warranty.A few weeks later,the problem gradually reappeared.Mary has come to you to get some general information about her options under her state's lemon law.Although you do not know the specifics of the lemon law in her state,provide Mary with an overview of how state lemon laws work,and a summary of her rights.

Accepted Answer

Lemon laws provide specific protections

Question 10

The Consumer Product Safety Commission is part of the Food and Drug Administration.

Accepted Answer

A) True 
 B)False

Question 11

Under the Clean Air Act,states have the option to prepare a state implementation plan if the state does not want the Environmental Protection Agency to prepare the plan.

Accepted Answer

A) True 
 B)False

Question 12

In addition to federal laws,there are many state statutes that address environmental protection.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not required under the Nutrition Labeling and Education Act?

Accepted Answer

A)  Sellers of most food must provide information on fat content and fiber. 
B)  The terms "light," "natural," and similar terms must be used only in accordance with specific definitions. 
C)  Maximum fat and saturated fat levels are established for certain foods 
D)  Calories derived from fat must be disclosed. 
E)  The amount of dietary fiber must be disclosed. 
A)  Sellers of most food must provide information on fat content and fiber. 
B)  The terms "light," "natural," and similar terms must be used only in accordance with specific definitions. 
C)  Maximum fat and saturated fat levels are established for certain foods 
D)  Calories derived from fat must be disclosed. 
E)  The amount of dietary fiber must be disclosed.

Question 14

Which of the following would the Environmental Protection Agency not designate as a hazardous waste product?

Accepted Answer

A)  used, contaminated hypodermic needles 
B)  used batteries that can catch fire or explode 
C)  used car batteries containing acid that could cause a corrosive leak 
D)  moldy food that is unfit for human consumption 
E)  used bandages being disposed of by a hospital 
A)  used, contaminated hypodermic needles 
B)  used batteries that can catch fire or explode 
C)  used car batteries containing acid that could cause a corrosive leak 
D)  moldy food that is unfit for human consumption 
E)  used bandages being disposed of by a hospital

Question 15

Regions that do not meet air quality standards are designated ________ areas.

Accepted Answer

A)  nonattainment 
B)  noncompliance 
C)  nonconformity 
D)  offensive 
E)  noncooperation 
A)  nonattainment 
B)  noncompliance 
C)  nonconformity 
D)  offensive 
E)  noncooperation

Question 16

The federal government began enacting environmental statutes in the 1950s.

Accepted Answer

A) True 
 B)False

Question 17

The Environmental Protection Agency has the power to do which of the following?

Accepted Answer

A)  adopt regulations 
B)  initiate judicial proceedings 
C)  adopt regulations and hold hearings 
D)  adopt regulations and initiate judicial proceedings 
E)  adopt regulations, hold hearings, and initiate judicial proceedings 
A)  adopt regulations 
B)  initiate judicial proceedings 
C)  adopt regulations and hold hearings 
D)  adopt regulations and initiate judicial proceedings 
E)  adopt regulations, hold hearings, and initiate judicial proceedings

Question 18

Under the "Superfund" legislation,persons are liable for the costs of cleaning up hazardous waste only if they were negligent.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is true?

Accepted Answer

A)  In order to dredge or fill a wetland, a permit is needed from the Environmental Protection Agency. 
B)  The federal government has primary enforcement responsibility for the Safe Drinking Water Act. 
C)  A permit is needed for dumping toxic wastes in the ocean, but not for dumping wastes that are non-toxic. 
D)  The Marine Protection, Research and Sanctuaries Act established marine sanctuaries in the Great Lakes. 
E)  The Marine Protection, Research, and Sanctuaries Act was enacted in 1950. 
A)  In order to dredge or fill a wetland, a permit is needed from the Environmental Protection Agency. 
B)  The federal government has primary enforcement responsibility for the Safe Drinking Water Act. 
C)  A permit is needed for dumping toxic wastes in the ocean, but not for dumping wastes that are non-toxic. 
D)  The Marine Protection, Research and Sanctuaries Act established marine sanctuaries in the Great Lakes. 
E)  The Marine Protection, Research, and Sanctuaries Act was enacted in 1950.

Question 20

The National Environmental Policy Act and Environmental Protection Agency regulations require that an environmental destruction proclamation (EDP)be prepared by the federal government for any proposed legislation or major federal action that significantly affects the quality of the natural and human environment.

Accepted Answer

A) True 
 B)False

Exam 34: Consumer Safety, Consumer Financial Protection, and Environmental Protection

Under the Fair Debt Collection Practices Act,what are the "convenient hours" to contact a debtor?

Jan has decided to buy an abandoned chemical plant and revamp it to produce specialty plastics.Discuss some of the environmental issues that she most likely faces.

States may require environmental impact studies for proposed developments based on:

The Consumer Product Safety Commission (CPSC)is an independent federal administrative agency.

The United States Congress enacted the Truth-in-Lending Act (TILA)in 1968 as part of the Consumer Credit Protection Act (CCPA).

Under the Endangered Species Act,the "taking" of an endangered species requires that at least one specimen of the species ends up in the possession of the party.

The Clean Water Act forbids the filling or dredging of wetlands,unless a permit has been obtained from the United States Army Corps of Engineers.

Statements of opinion and "sales talk" do not constitute false and deceptive advertising.

The Consumer Product Safety Commission is part of the Food and Drug Administration.

Under the Clean Air Act,states have the option to prepare a state implementation plan if the state does not want the Environmental Protection Agency to prepare the plan.

In addition to federal laws,there are many state statutes that address environmental protection.

Which of the following is not required under the Nutrition Labeling and Education Act?

Which of the following would the Environmental Protection Agency not designate as a hazardous waste product?

Regions that do not meet air quality standards are designated ________ areas.

The federal government began enacting environmental statutes in the 1950s.

The Environmental Protection Agency has the power to do which of the following?

Under the "Superfund" legislation,persons are liable for the costs of cleaning up hazardous waste only if they were negligent.

Which of the following is true?

Legal Heritage and the Information Age

Constitutional Law for Business and E-Commerce

Courts and Jurisdiction

Judicial, Alternative, Administrative, and E-Dispute Resolution

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales, Lease, and E-Contracts

Performance of Sales, Leases and E-Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System, E-Money, and Financial Reform

Credit and Secured Transactions

Bankruptcy and Reorganization

Agency Law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Company and Limited Liability Partnership

Franchise and Special Forms of Business

Investor Protection,E-Securities Transactions,and Wall Street Reform

Antitrust Law

Labor, Worker Protection, Employment, and Immigration Law

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Liability

International and World Trade Law

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