Exam 45: B: Consumer Law

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 not sub?ject to federal credit regulations because

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

Food products are not required to bear labels detailing the nutritional content.

Special Roast Coffee,Inc. ,processes and sells a variety of coffee products.Special Roast's product packages must include

In the ordinary course of business,Xtra Credit Company sells goods to Yvon and other consumers on credit under installment sales contracts that typically require at least one year of monthly payments.Xtra does not disclose all of the credit terms to its customers.This is most likely to result in

Home Brand Products,Inc. ,in its ads,makes claims about its prod?ucts that are obvious exaggerations and claims that are false but appear to be true.Home Brand may be subject to sanctions for

Tonya and many other consumers complain to the Federal Trade Commission (FTC)that a Whoopie Wonders Company ad is deceptive.The FTC's first step is to

Ads cannot be unfair.

Penny Stock Company faxes ads to Quality Personnel Corporation and other businesses without the recipients' permission.This is

Quackity Quack Company's ad states that its product is "the best on the market today." Because of this ad,the Federal Trade Com?mission is most likely to

Wheels & Deals Corporation is subject to the Truth-in-Lending Act,which is a key statute regulating the credit and credit-card industries and concerns

Green Grocer Corporation makes and markets a variety of processed food products.The federal agency responsible for enforcing health regula?tions con?cerning food is

A creditor has the right to garnish a debtor's wages unless the debt has gone unpaid for a prolonged period.

Dita takes out a student loan from Everloan Bank.When she fails to make the scheduled payments for six months,Everloan advises her of further ac?tion that it will take.This violates

Major credit reporting agencies must provide consumers with free copies of their own credit reports every twelve months.

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

All statutes that serve to protect the interests of consumers are classified as consumer law.

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

Vague generalities and obvious exaggerations constitute deceptive advertising.

Sweet Treats,Inc. ,wants to market a new snack food.On the prod?uct's la?bel,standard nutrition facts are