Exam 44: Consumer Law

A credit-reporting agency may issue a credit report to anyone who asks.

Travel Tours Company faxes ads to Uri and other individual consumers without the recipients' permission. This is subject to

It is generally illegal to send an ad via fax without the recipi?ent's permission.

Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, Mako, the manager, contacts Kip's parents. This violates

"Regulation Z" is a generic term for any consumer protection law.

There are no limits on the amount that may be garnished from a debtor's after-tax earnings.

Eva borrows $10,000 from First National Bank to remodel a room in her home. This transaction is subject to

Shep buys a car from his neighbor, Tyrone, for $8,000 and agrees to make monthly payments of $800 until the price is paid. This transaction is sub?ject to

State laws often provide more significant protections for the consumer than do fed?eral laws.

Kirk receives an unsolicited credit card in the mail and tosses it on his desk. Without Kirk's permission, his roommate Leif uses the card to buy a new per?sonal computer for $1,000. Kirk is

Some states have amended their consumer protection statutes to cover Internet transactions.

A product distributor must notify the Consumer Product Safety Commission if a product defect creates a substantial risk to the public.

A person who receives unsolicited merchandise and keeps it without notifying the sender commits mail fraud.

Steel Tool Company makes and sells tools. One of the tools is believed to be haz?ardous. The appropriate government agency may require Steel to

A consumer may not be denied credit on the basis of a credit report.

Counteradvertising is advertising that counters a competitor's claims.

Through unfair trade practices, Super Sales Company induces Trey and other consumers to enter into one-sided deals. This may be subject to sanctions under

When a consumer cancels an order, a mail-order merchant must issue a refund within a specific period of time.

Like other manufacturers and sellers, Peoples Products Corporation labels its goods. Federal labeling and packaging rules are enforced by the Federal Trade Commission and

The Consumer Product Safety Commission prohibits manufacturers from mar?keting products that are not marked with its "seal of approval."