Exam 13: Consumer Law

QT Collection Agency calls Pat several times a day, and sometimes in the middle of the night, about an overdue bill that Regal Sporting Goods turned over to QT for collection. This is a violation of​

Elise and many other consumers complain to the Federal Trade Commission (FTC) that a Faux Diamonds Company ad is deceptive. The FTC's first step is to​

The Federal Trade Commission is charged with preventing unfair and deceptive trade practices.

Merchants must issue a refund within a specified period of time when a consumer cancels an order.

Counteradvertising occurs when a salesperson lures a consumer into a store by advertising a low-priced item in order to switch the consumer to a more expensive item.

QuikPay Inc. extends credit to consumers. QuikPay is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on which of the following

Legally, ads can be unfair but not deceptive.

A consumer who believes that he or she has been or may be victimized by identity theft may place an alert on his or her credit file.

A credit collection agency may contact a debtor at any time.

The credit department of Mega-Mart often calls Nora at work about an overdue bill. Nora's employer objects. This is a violation of​

In a transaction subject to the Truth-in-Lending Act, the terms of a credit instrument must be fully disclosed.

Slow-Brew Coffee Company sells coffee and related beverages. The company's ad contends that ambitious businesspersons "Drink Us & Rise Up in the World!' " The Federal Trade Com-mission would consider this ad to be​

Tory applies for a line of credit which she intends to use for a once-in-a-lifetime dream vacation. This transaction is subject to

Creditworthy Loan Company extends credit in the ordinary course of its busi-ness. Under the Truth-in-Lending Act, Creditworthy must inform potential borrowers of​

Cleaners & Solvents, Inc. (CSI), falsely claims in its ads that its product Dirt Remover kills germs "forever." In an action against CSI regarding Dirt Remover, the firm is ordered to stop its false advertising of Dirt Remover and its other products. This is​

Food products are required to bear labels detailing the nutritional content.

Ads must disclose qualifying information underlying their claims.

A credit-cardholder is liable for all unauthorized charges made before the creditor is notified that the card has been lost.

The Truth-in-Lending Act applies to persons who, in the ordinary course of their business, lend money, sell on credit, or arrange for the extension of credit.

An information label must be attached to every new car to include the fuel economy estimate for the vehicle.