Question 1

The Telephone Consumer Protection Act prohibits all of the following except:

Accepted Answer

A)  automated marking calls without prior express consent. 
B)  calls to patients' room in hospitals. 
C)  calls after 9:00 PM. 
D)  911 calls. 
A)  automated marking calls without prior express consent. 
B)  calls to patients' room in hospitals. 
C)  calls after 9:00 PM. 
D)  911 calls.

Question 2

Those who are liable for violations of consumer protection situations are persons or enterprises that regularly enter into the type of transaction in which the injured consumer was involved.

Accepted Answer

A) True 
 B)False

Question 3

It is lawful to refuse to extend credit to a consumer based on the consumer's:

Accepted Answer

A)  race. 
B)  marital status. 
C)  credit history. 
D)  age. 
A)  race. 
B)  marital status. 
C)  credit history. 
D)  age.

Question 4

A finance company may not reject an loan applicant on any of the grounds listed below, except:

Accepted Answer

A)  the applicant is married. 
B)  the applicant is sixty-five or older. 
C)  the applicant is divorced. 
D)  the applicant is on a fixed income. 
A)  the applicant is married. 
B)  the applicant is sixty-five or older. 
C)  the applicant is divorced. 
D)  the applicant is on a fixed income.

Question 5

The policing of fraudulent advertising is entrusted to which of the following administrative agencies?

Accepted Answer

A)  IRS 
B)  FTC 
C)  UCCC 
D)  FDA 
A)  IRS 
B)  FTC 
C)  UCCC 
D)  FDA

Question 6

Anyone promoting the sale of a real estate development that is divided into fifty (50) or more parcels of less than five (5) acres each must file a development statement with the secretary of Housing and Urban Development.

Accepted Answer

A) True 
 B)False

Question 7

If you allow another person to use your credit card but the person uses the card for a purpose other than the one you specified:

Accepted Answer

A)  an unauthorized usage has occurred. 
B)  an authorized usage has occurred. 
C)  you will not be responsible for more than $50 of the amount charged. 
D)  you are not liable for any of the amount charged. 
A)  an unauthorized usage has occurred. 
B)  an authorized usage has occurred. 
C)  you will not be responsible for more than $50 of the amount charged. 
D)  you are not liable for any of the amount charged.

Question 8

What is not a correct statement concerning consumer protection legislation?

Accepted Answer

A)  It prohibits the consumer from suing in his or her own right and gives the right to sue solely to an agency or to the attorney general. 
B)  It recognizes that the theoretical right of the consumer to sue may be of little practical value. 
C)  It provides special remedies. 
D)  It provides certain agencies to police statutes passed to aid consumers. 
A)  It prohibits the consumer from suing in his or her own right and gives the right to sue solely to an agency or to the attorney general. 
B)  It recognizes that the theoretical right of the consumer to sue may be of little practical value. 
C)  It provides special remedies. 
D)  It provides certain agencies to police statutes passed to aid consumers.

Question 9

Corrective advertising required by the FTC also is called retroactive advertising.

Accepted Answer

A) True 
 B)False

Question 10

Consumer protection statutes and regulations do not protect against:

Accepted Answer

A)  deceptive advertising. 
B)  the consumer's own negligence. 
C)  unsolicited credit cards sent to creditworthy consumers. 
D)  unreasonable methods of debt collection by debt collection agencies. 
A)  deceptive advertising. 
B)  the consumer's own negligence. 
C)  unsolicited credit cards sent to creditworthy consumers. 
D)  unreasonable methods of debt collection by debt collection agencies.

Question 11

Despite consumer protection legislation, for most consumers pursing their rights in court is not cost beneficial.

Accepted Answer

A) True 
 B)False

Question 12

When an enterprise has made false and deceptive statements in advertising, the FTC may require new advertising to correct the former statement so that consumers are aware of the truth. This corrective advertising required by the FTC is also called __________ advertising.

Accepted Answer

A)  retractive 
B)  redactive 
C)  retroactive 
D)  refractive 
A)  retractive 
B)  redactive 
C)  retroactive 
D)  refractive

Question 13

Consumer protection laws, which commonly regulate the form of consumer contracts, provide that back-page disclaimers are void if the front page of a contract does not call attention to the presence of the terms on the back page.

Accepted Answer

A) True 
 B)False

Question 14

Peter applied for a loan at three banks. Peter's application was denied at the first two banks but finally was approved by the third institution. Peter believes that the first two banks denied his application because of his minority status. No explanation ever was provided by the banks denying Peter's request for funds. After obtaining the loan, Peter soon found himself unable to make the prescribed payments. Peter went into default, causing the bank to turn his case over to a collection agency. The collection agency called him "night and day" and were very abusive in their collection practices. Peter became quite distraught and unable to function at his job. As a result, Peter was soon fired. Peter asks for your advice regarding his legal rights. What is your response?

Accepted Answer

It is unlawful to discriminate against a

Question 15

What is not a correct statement concerning the Fair Debt Collection Practices Act?

Accepted Answer

A)  It prohibits improper practices in the collection of consumer debts. 
B)  It applies to original creditors who are collecting from original debtors. 
C)  The validity of the debt is not a defense. 
D)  Violators are liable to debtors for damages. 
A)  It prohibits improper practices in the collection of consumer debts. 
B)  It applies to original creditors who are collecting from original debtors. 
C)  The validity of the debt is not a defense. 
D)  Violators are liable to debtors for damages.

Question 16

The Fair Credit Reporting Act applies only to consumer credit.

Accepted Answer

A) True 
 B)False

Question 17

Pursuant to the CARD Act of 2009, all credit card companies must have bills in consumers' hands not less than __________ before the bill is due.

Accepted Answer

A)  seven (7) days 
B)  fourteen (14) days 
C)  twenty-one (21) days 
D)  thirty (30) days 
A)  seven (7) days 
B)  fourteen (14) days 
C)  twenty-one (21) days 
D)  thirty (30) days

Question 18

A consumer claiming that there has been a violation of a consumer protection statute has the burden of proving that the statutory definition of "consumer" has been satisfied.

Accepted Answer

A) True 
 B)False

Question 19

Who may bring an action for relief under consumer protection legislation?

Accepted Answer

A)  the Federal Trade Commission 
B)  a state attorney general 
C)  the consumer 
D)  all of these 
A)  the Federal Trade Commission 
B)  a state attorney general 
C)  the consumer 
D)  all of these

Question 20

Consumer protection statutes do not require proof of intent, regardless of whether the merchant did not think the ad was misleading.

Accepted Answer

A) True 
 B)False

Exam 32: Consumer Protection

The Telephone Consumer Protection Act prohibits all of the following except:

Those who are liable for violations of consumer protection situations are persons or enterprises that regularly enter into the type of transaction in which the injured consumer was involved.

It is lawful to refuse to extend credit to a consumer based on the consumer's:

A finance company may not reject an loan applicant on any of the grounds listed below, except:

The policing of fraudulent advertising is entrusted to which of the following administrative agencies?

Anyone promoting the sale of a real estate development that is divided into fifty (50) or more parcels of less than five (5) acres each must file a development statement with the secretary of Housing and Urban Development.

If you allow another person to use your credit card but the person uses the card for a purpose other than the one you specified:

What is not a correct statement concerning consumer protection legislation?

Corrective advertising required by the FTC also is called retroactive advertising.

Consumer protection statutes and regulations do not protect against:

Despite consumer protection legislation, for most consumers pursing their rights in court is not cost beneficial.

When an enterprise has made false and deceptive statements in advertising, the FTC may require new advertising to correct the former statement so that consumers are aware of the truth. This corrective advertising required by the FTC is also called __________ advertising.

Consumer protection laws, which commonly regulate the form of consumer contracts, provide that back-page disclaimers are void if the front page of a contract does not call attention to the presence of the terms on the back page.

What is not a correct statement concerning the Fair Debt Collection Practices Act?

The Fair Credit Reporting Act applies only to consumer credit.

Pursuant to the CARD Act of 2009, all credit card companies must have bills in consumers' hands not less than __________ before the bill is due.

A consumer claiming that there has been a violation of a consumer protection statute has the burden of proving that the statutory definition of "consumer" has been satisfied.

Who may bring an action for relief under consumer protection legislation?

Consumer protection statutes do not require proof of intent, regardless of whether the merchant did not think the ad was misleading.

The Nature and Sources of Law

The Court System and Dispute Resolution

Business Ethics, Social Forces, and the Law

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

Crimes

Torts

Intellectual Property Rights and the Internet

The Legal Environment of International Trade

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Third Persons and Contracts

Discharge of Contracts

Breach of Contract and Remedies

Personal Property and Bailments

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Negotiable Instruments and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor Creditor Relationship

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Types of Business Organizations

Partnerships

LPs, LLCs, and LLPs

Corporate Formation

Shareholder Rights in Corporations

Securities Regulation

Accountants Liability and Malpractice

Management of Corporations

Real Property

Environmental Law and Land Use Controls

Leases

Decedents Estates and Trusts

Filters