BLAW 371 Exam 2 Russell UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
Federal laws often provide more sweeping and True
significant protections for the consumer than state laws.
Deceptive advertising occurs if a reasonable True
consumerwould be misled by the advertising claim.
Vague generalities and obvious exaggerations are True
permissible in advertising
A sanction known as counter advertising requires a True
company to advertise anew to inform the public about
earlier misinformation
Advertising that contains an endorsement by a celebrity False
will not be deemed deceptive
Counter advertising occurs when a salesperson lures a False
consumer into a store by advertising a low-priced item in
order to switch the consumer to a more expensive item
Deceptive advertising does not occur in the online false
environment
Labels on fresh meats are not required to indicate where False
the food originated
Restaurants must post guidelines on the number of False
calories that an average person requires daily
An information label must be attached to every new car True
to include the fuel economy estimate for the vehicle
A consumer who receives unsolicited merchandise sent True
by US mail can keep it without obligation to the sender
The Federal Reserve Board of Governors has issued a True
regulation that governs credit provisions associated with
sales contracts--Regulation Z
, Grid Tool Company makes and sells tools. One of the Remove the tool from the market
tools is believed to be hazardous. The appropriate
government agency may require Grid to.
Grover signs an installment contract with Home the Truth-In-Lending Act
Appliance Store to finance the purchase of a new kitchen
appliances--stove, refrigerator, dishwasher, microwave,
and toasteroven for 3999. This transaction is subject to
Cecilia borrows $20,000 from Debit & Credit Union to the car loan, the repair loan, and the retail installment sale
repair her home and to buy a car. She buys a laptop from
eStuf Store in a transaction financed by the seller. If these
parties are subject to the Truth-in-Lending Act,
Regulation Z applies to
QuikPay Inc. extends credit to consumers. QuikPay is race
subject to the Equal Credit Opportunity Act, which
prohibits credit discrimination based on
Jasmine receives an unsolicited credit card in the mail and liable for $50, Fair credit billing act limits liability for an unauthorized credit card
tosses it on her desk. Without Jasmine's permission, her use to $50
roommate Ilene uses the card to buy a new tablet for
$500. Jasmine is
Debt & Loan Collection Agency calls Ethel several times a The Fair Debt Collection Practices Act
day, and sometimes in the middle of the night, about an
overdue bill that a Furniture4U store turned over to Debt
& Loan for collection. This is a violation of
Lucy takes out a student loan from Midtown Bank. When NO federal law
she fails to make the scheduled payments for six months,
Midtown advises her of further action that it will take. This
violates
Like Statutory Law, Administrative Law is created by False
legislatures
Federal executive agencies are outside the federal False
executive departments
Independent regulatory agencies include the cabinet False
departments of the executive branch
State regulation, when not preempted, may cover many True
of the same activities as federal regulation
By delegating some of its authority to make and False
implement laws, Congress violates the U.S. Constitution.
ANSWERS
Federal laws often provide more sweeping and True
significant protections for the consumer than state laws.
Deceptive advertising occurs if a reasonable True
consumerwould be misled by the advertising claim.
Vague generalities and obvious exaggerations are True
permissible in advertising
A sanction known as counter advertising requires a True
company to advertise anew to inform the public about
earlier misinformation
Advertising that contains an endorsement by a celebrity False
will not be deemed deceptive
Counter advertising occurs when a salesperson lures a False
consumer into a store by advertising a low-priced item in
order to switch the consumer to a more expensive item
Deceptive advertising does not occur in the online false
environment
Labels on fresh meats are not required to indicate where False
the food originated
Restaurants must post guidelines on the number of False
calories that an average person requires daily
An information label must be attached to every new car True
to include the fuel economy estimate for the vehicle
A consumer who receives unsolicited merchandise sent True
by US mail can keep it without obligation to the sender
The Federal Reserve Board of Governors has issued a True
regulation that governs credit provisions associated with
sales contracts--Regulation Z
, Grid Tool Company makes and sells tools. One of the Remove the tool from the market
tools is believed to be hazardous. The appropriate
government agency may require Grid to.
Grover signs an installment contract with Home the Truth-In-Lending Act
Appliance Store to finance the purchase of a new kitchen
appliances--stove, refrigerator, dishwasher, microwave,
and toasteroven for 3999. This transaction is subject to
Cecilia borrows $20,000 from Debit & Credit Union to the car loan, the repair loan, and the retail installment sale
repair her home and to buy a car. She buys a laptop from
eStuf Store in a transaction financed by the seller. If these
parties are subject to the Truth-in-Lending Act,
Regulation Z applies to
QuikPay Inc. extends credit to consumers. QuikPay is race
subject to the Equal Credit Opportunity Act, which
prohibits credit discrimination based on
Jasmine receives an unsolicited credit card in the mail and liable for $50, Fair credit billing act limits liability for an unauthorized credit card
tosses it on her desk. Without Jasmine's permission, her use to $50
roommate Ilene uses the card to buy a new tablet for
$500. Jasmine is
Debt & Loan Collection Agency calls Ethel several times a The Fair Debt Collection Practices Act
day, and sometimes in the middle of the night, about an
overdue bill that a Furniture4U store turned over to Debt
& Loan for collection. This is a violation of
Lucy takes out a student loan from Midtown Bank. When NO federal law
she fails to make the scheduled payments for six months,
Midtown advises her of further action that it will take. This
violates
Like Statutory Law, Administrative Law is created by False
legislatures
Federal executive agencies are outside the federal False
executive departments
Independent regulatory agencies include the cabinet False
departments of the executive branch
State regulation, when not preempted, may cover many True
of the same activities as federal regulation
By delegating some of its authority to make and False
implement laws, Congress violates the U.S. Constitution.
