Exam 19: Consumer Protection

U-Haul sued a competitor, Jartran, for making false claims about the two companies in its ads. The lawsuit, which was successful, was brought under the:

Under the Fair Credit Reporting Act, a credit report may be issued for any legitimate business or personal need.

Under the FTC's Used Car Rule the Buyer's Guide must contain:

Which of the following is NOT a required disclosure under the Consumer Leasing Act:

The Consumer Leasing Act would not apply to the rental of a car for a week while on vacation.

The Federal Trade Commission investigates:

When the FTC tried to sue a company for scams advertised on the Internet:

A ____ is an instrument, machine, implant, or other article used in the diagnosis or treatment of a disease in humans or animals.

It takes about $1 billion for a drug company to develop a new drug to market.

The FTC's advertising substantiation program allows the FTC to ensure that retailers have a reasonable basis for claims made about products they are selling.

Which of the following agencies has primary responsibility for sanitation of meat, poultry, and eggs:

The ____ has primary responsibility for sanitation of meat, poultry, and eggs:

Under the Fair and Accurate Credit Transaction Act, credit reporting services must:

About ____ of the drugs that make it to Phase III of the tests required to earn FDA approval for the market do not then get final FDA approval.

Before being finalized, a FTC trade regulation rule must be published in the Federal Register so that:

The Fair Debt Collection Practice Act:

Which of the following is an example of a class III medical device:

Under the Electronic Fund Transfer Act, if your bank card is stolen you must notify the bank within two days to limit your liability to $50 for unauthorized charges.

Which type of advertisement would be held to a tougher standard than the others:

Maximum judgment in an FTC deception cases is $1 million.