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Exam 22: Consumer Protection Law

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Question 1

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The implied warranty of merchantability applies to every sale from a _______ to a buyer.

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Question 2

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The FDA has authority to bring criminal prosecutions.

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B) False

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If they do it properly, sellers may limit a buyer's remedies in all situations.

Agents involved in debt collection are the only parties that are regulated by the Fair Debt Collection Practices Act.

The UCC permits disclaimers of warranties:

Under the Truth in Lending Act, creditors have a week to notify consumers of their right to cancel the transaction.

A car manufacturer advertises that the windshield in its cars is shatterproof and will not break even when hit with a strong impact. While an owner of one of the cars was driving home one day, a small rock hit the windshield and the windshield broke, cutting the driver. What type of warranty was breached?

FDA regulations do not apply to the labeling of food packages.

The FDA jurisdiction includes administering the Flammable Fabrics Act.

The Equal Credit Opportunity Act is limited to regulating applications for credit and does not apply to the charging of higher interest rates based on the race of the consumer.

Who is typically empowered by the states to protect consumers from deceptive trade practices?

Regarding business owners and managers, what is generally considered the most important part of the Truth in Lending Act? Why?

The purpose of the FTC in relation to consumers is:

In Hauter v. Zogarts, Hauter received, as a present, a "Golfing Gizmo" that was made by Zogarts. The device consisted of a golf ball attached to string that returned the ball to the user after it had been hit with a club. The box that it came in stated, "completely safe, ball will not hit player." Hauter had read the safety manual and used the product a dozen times, but then he hit the ball too low and it struck him in the head, causing serious injury. Hauter sued for:

The implied warranty of merchantability applies to sales by any seller to any buyer.

Which of the following is not exempt from the Do Not Call Registry?

Name and discuss the two categories of warranties.

The Magnuson-Moss Act requires a label with warranty conditions regarding all products that cost $10 or more.

The ________ Act establishes a national fraud alert system so that consumers have a timely way to guard their credit.

Describe how the federal government is protecting consumers online regarding spam.