Exam 44: Consumer Law

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Marilyn receives an unsolicited credit card in the mail and tosses it on her desk. Without Marilyn's permission, her roommate Nancy uses the card to buy a new laptop for $1,800. Marilyn is

(Multiple Choice)

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Question 41

The Federal Trade Commission was created to prevent unfair and deceptive trade practices.

(True/False)

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Question 42

Ads must disclose relevant limitations underlying their claims.

(True/False)

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Question 43

An ad for Running Shoes Inc. states that its products are "The Athlete's Choice." Because of this ad, the Federal Trade Commission is most likely to issue

(Multiple Choice)

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Question 44

Mattress Company advertises a special sale-all bedding, half price. The ad does not state that the sale price does not include delivery or shipping costs. To avoid claims of deceptive advertising, Mattress should

(Multiple Choice)

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Question 45

Home Products, Inc., in its advertisements, makes false claims about its own products and about the products of its competitors. The firm may be subject to sanctions for the false claims about

(Multiple Choice)

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Question 46

Drugs can be test-marketed to the public before they are ensured to be safe and effective.

(True/False)

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Question 47

Wellness Insurance Company offers health insurance to consumers. Under current federal law, Wellness must not

(Multiple Choice)

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Question 48

Dian takes out a loan from Equity Bank. When she fails to make the scheduled payments, Equity advises her of further action that it will take. This is a violation of

(Multiple Choice)

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Question 49

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

(True/False)

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Question 50

Hearth & Home Furniture store advertises bedroom suites at a "Special Low Price of $599." When Ilene tries to buy one of the suites, Jill, the salesperson, tells her that they are all sold and no more are obtainable. Jill adds that Hearth & Home has other bedroom suites available for as low as $2,599. This is

(Multiple Choice)

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Question 51

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

(Multiple Choice)

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(70)

Question 52

Account numbers on credit-card receipts must be truncated (shortened).

(True/False)

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(85)

Question 53

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

(Multiple Choice)

4.9/5

(79)

Question 54

Advertising that contains an endorsement by a celebrity is presumed to be deceptive.

(True/False)

4.8/5

(91)

Question 55

Imported foods do not have to meet U.S. safety standards.

(True/False)

4.8/5

(79)

Question 56

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

(True/False)

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(87)

Question 57

Puffery constitutes deceptive advertising.

(True/False)

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Question 58

Credit can be denied solely on the basis of marital status.

(True/False)

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(92)

Question 59

Creditors attempting to collect debts are generally considered to be debt-collection agencies.

(True/False)

4.9/5

(85)

Question 60

Showing 41 - 60 of 72

Exam 44: Consumer Law

Marilyn receives an unsolicited credit card in the mail and tosses it on her desk. Without Marilyn's permission, her roommate Nancy uses the card to buy a new laptop for $1,800. Marilyn is​

The Federal Trade Commission was created to prevent unfair and deceptive trade practices.​

Ads must disclose relevant limitations underlying their claims.​

An ad for Running Shoes Inc. states that its products are "The Athlete's Choice." Because of this ad, the Federal Trade Commission is most likely to issue​

Mattress Company advertises a special sale-all bedding, half price. The ad does not state that the sale price does not include delivery or shipping costs. To avoid claims of deceptive advertising, Mattress should​

Home Products, Inc., in its advertisements, makes false claims about its own products and about the products of its competitors. The firm may be subject to sanctions for the false claims about​

Drugs can be test-marketed to the public before they are ensured to be safe and effective.​

Wellness Insurance Company offers health insurance to consumers. Under current federal law, Wellness must not​

Dian takes out a loan from Equity Bank. When she fails to make the scheduled payments, Equity advises her of further action that it will take. This is a violation of​

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

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

Account numbers on credit-card receipts must be truncated (shortened).​

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​

Advertising that contains an endorsement by a celebrity is presumed to be deceptive.​

Imported foods do not have to meet U.S. safety standards.​

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

Puffery constitutes deceptive advertising.​

Credit can be denied solely on the basis of marital status.​

Creditors attempting to collect debts are generally considered to be debt-collection agencies.​

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Business and the Constitution

Business Ethics

Tort Law

Strict Liability and Product Liability

Intellectual Property Rights

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Writing Requirement in Our Digital World

Third Party Rights

Performance and Discharge

Breach of Contract and Remedies

The Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance and Breach of Sales and Lease Contracts

Warranties

International and Space Law

Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

Small Businesses and Franchises

All Forms of Partnerships

Limited Liability Companies and Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, and Shareholders

Mergers and Takeovers

Investor Protection, Insider Trading, and Corporate Governance

Administrative Agencies

Environmental Protection

Antitrust Law

Professional Liability and Accountability

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance

Wills and Trusts

The Legal Environment of Business

Torts and Crimes

Contracts and E-Contracts

Domestic and International Sales and Lease Contracts

Negotiable Instruments

Creditors Rights and Bankruptcy

Agency and Employment

Business Organizations

Government Regulation

Property and Its Protection

Marilyn receives an unsolicited credit card in the mail and tosses it on her desk. Without Marilyn's permission, her roommate Nancy uses the card to buy a new laptop for $1,800. Marilyn is

The Federal Trade Commission was created to prevent unfair and deceptive trade practices.

Ads must disclose relevant limitations underlying their claims.

An ad for Running Shoes Inc. states that its products are "The Athlete's Choice." Because of this ad, the Federal Trade Commission is most likely to issue

Mattress Company advertises a special sale-all bedding, half price. The ad does not state that the sale price does not include delivery or shipping costs. To avoid claims of deceptive advertising, Mattress should

Home Products, Inc., in its advertisements, makes false claims about its own products and about the products of its competitors. The firm may be subject to sanctions for the false claims about

Drugs can be test-marketed to the public before they are ensured to be safe and effective.

Wellness Insurance Company offers health insurance to consumers. Under current federal law, Wellness must not

Dian takes out a loan from Equity Bank. When she fails to make the scheduled payments, Equity advises her of further action that it will take. This is a violation of

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

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

Account numbers on credit-card receipts must be truncated (shortened).

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

Advertising that contains an endorsement by a celebrity is presumed to be deceptive.

Imported foods do not have to meet U.S. safety standards.

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

Puffery constitutes deceptive advertising.

Credit can be denied solely on the basis of marital status.

Creditors attempting to collect debts are generally considered to be debt-collection agencies.