Exam 18: Regulations Protecting Consumer Purchases, privacy, and Financial Activities

A plaintiff would have less flexibility making a claim under false and deceptive than she would making a claim under common law.

Which type of debts is nondischargeable in bankruptcy?

In a bankruptcy proceeding,which of the following classes of bankruptcy creditors will receive highest priority?

The basic penalty for trade practice violations under the Federal Trade Commission Act is a civil fine of not more than ______.

The Magnuson-Moss Warranty Act establishes rules for resolving billing disputes with a credit card issuer.

According to the Fair Debt Collection Practices Act,a debt collector is not required to disclose his or her identity as a debt collector to debtors when attempting to collect a legitimate,delinquent debt.

To determine deception in advertising,the Federal Trade Commission

The Bureau of Consumer Protection may allege that an individual or company has violated Section 5 of the Federal Trade Commission Act,which prohibits unfair or deceptive acts or practices.The alleged individual or company is called a(n)______.

In a bankruptcy proceeding against an individual,the individual's property can be liquidated under Chapter 7 of the bankruptcy law.

The Health Insurance Portability and Accountability Act applies only to physical records of patients' health care information.

The Federal Trade Commission is the primary federal agency that protects consumers.

The ______ requires that a lender disclose the finance charge,expressing it as an annual percentage rate,and specifies the methods for making this computation.

Shauna defaults on her car loan payment.The debt collector hired by the bank visits Shauna and verbally abuses her using offensive language.In this scenario,which of the following statements is true under the Fair Debt Collection Practices Act (FDPCA)?

Which of the following acts requires the government to issue model disclosure forms?

ECNAL Corp.manufactures bicycle parts.One of its new products,the Slipstream tire,is advertised to be 20 percent stronger than that of its competitors due to a new rubber compound used that makes the tires skid resistant.After receiving complaints of fraud,the Federal Trade Commission (FTC)determines that the tire is made from rubber similar to that found in most bicycle tires and is not skid resistant.The FTC orders ECNAL to run an ad admitting that its advertisements were misleading and remove the untrue information from its advertisements.In this scenario,which of the following remedies is used by the FTC?

Under bankruptcy laws,certain creditors receive priority over others in the distribution of a debtor's assets.

Robert's debit card was stolen by a thief who emptied his bank account.What law governs the liability for Robert's money in this situation? What are Robert's potential liabilities?

The Video Privacy Protection Act prevents the disclosure of personally identifiable information concerning video rentals and includes a right of civil action with a minimum liquidated damages provision of ______.

Under the Fair Credit Reporting Act (FCRA),investigative consumer reports detailing a consumer's character,general reputation,and mode of living

The Federal Food,Drug,and Cosmetic Act is administered by the Federal Trade Commission.