Exam 21: Consumer Protection

Greg signs an installment contract with Home Appliance Store to finance the purchase of new kitchen appliances. This transaction is subject to

Once a debt- collection agency receives notice that a consumer refuses to pay a debt, the debt-collection agency may continue to contact them to remind them of the debt's existence.

Because federal law requires companies to disclose accurate information about their products, the federal government does not regulate how a product is made or the ingredients/components of a product.

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

Federal law establishes food standards, including safe levels of potentially hazardous food additives.

The credit department of Mega-Mart often calls Nora at work about an overdue bill. Nora's employer objects, but the credit department continues to call her at work. This violates

The manufacture and sale of any product that poses an unreasonable risk to consumers can be banned.

Kip opens an account at Lotsa Goodies, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, a Lotsa Goodies representative contacts Kip's parents. This violates

Crunchy Inc. makes claims in its advertising about its snack products. Crunchy's claims would most likely be deemed deceptive if the claims

The Truth-in-Lending Act does not apply to those who lease consumer goods in the ordinary course of their business.

The Truth-in-Lending Act does not apply to sales or loans between two consumers.

Teri borrows $10,000 from USA Bank to remodel a room in her home. This transaction is subject to