Exam 19: Consumer Protection

Under the FTC's advertising substantiation program, if the FTC attacks an ad the usual result is that the advertiser agrees to stop running the ad.

The Mail Order Rule requires goods to be delivered by mail to arrive within clearly set time or allow the customer out of the deal.

The Food Additives Amendment (Delaney Clause) to the Food, Drug, and Cosmetic Act:

False advertising cases brought by private parties under the Lanham Act:

Which of the following is true about class I medical devices:

Which of the following food health claims may be made on labels:

A major enforcement agency of the Fair Credit Billing Act is:

The Electronic Fund Transfer Act concerns liability limits for stolen ATM cards. Which statement is correct about maximum consumer liability:

A prescription drug is one that:

Which of the following items is not required to be disclosed by a creditor as a part of the statement given a debtor?

Drugs must complete three phases of trials before considered by the FDA for release to the public.

Which of the following is an example of an electronic fund transfer:

The FTC may not regulate products sold by telemarketing; those are controlled by the Federal Communications Commission.

Nutrition labeling does not require which of the following to be listed per serving portion:

The Credit Card Accountability Responsibility and Disclosure Act (Credit CARD Act) states that gift cards may not expire for at least five years.

The specific finance charges that must be provided to a debtor by a creditor under Truth-in-Lending are detailed by the Federal Trade Commission in Regulation Z.

The ____ required the FDA to issue nutrition labels.

The Dodd-Frank Act created a Consumer Financial Protection Bureau that has significant power to expand regulation over consumer credit.

The "learned intermediary" doctrine:

The Fair Credit Reporting Act: