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Exam 21: Consumer Protection Law

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Question 41

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The source of warranty law is:

A) the UCC.
B) FTC regulations.
C) the Consumer Protection Act.
D) the TILA

E) A) and B)
F) B) and D)

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Question 42

Multiple Choice

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The UCC permits disclaimers of warranties:

A) under no circumstances.
B) when the seller disclaims properly.
C) if the buyer was unaware of the warranties.
D) when allowed by the common law

E) B) and D)
F) C) and D)

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Question 43

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What are some of the ways that the Credit Card Accountability Responsibility and Disclosure Act attempts to protect college students from deceptive practices by credit card companies?

In Hauter v.Zogarts Hauter received a "Golfing Gizmo" that was made by Zogarts as a present.The device was a golf ball attached to string that a user could hit with 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 when he hit the ball too low and was struck in the head with the ball,causing serious injury.Hauter sued for breach of warranty.Zogarts argued that the photos of the man using it properly were a disclaimer and that it was only "completely safe" when used like the photo.The court held that:

Credit card companies may give out free umbrellas on campus when a student completes an application for a card.

The FDA enforces both specific and general standards for food safety.

What is the minimum amount that a product must cost to be covered by the Magnuson-Moss Act?

If a seller offers a written ________ warranty,the consumer transaction is subject to the Magnuson-Moss Act.

Advertising coffee as "the best in world" is prohibited by UCC rules.

The Fair Debt Collection Practices Act does not prevent creditors from harassing or using misleading tactics by credit agents.

Which agency had their oversight power over credit card issuers increased by the Credit Card Accountability Responsibility and Disclosure Act of 2009?

The Fair Credit Reporting Act requires each of the credit bureaus to give consumers a free copy of their credit report at least twice a year.

In order to _______ a warranty,the seller must do so in a conspicuous writing such as capital letters or bold print.

Expressly false statements can result in breach of warranty lawsuits.

A car dealership advertises a small used car for a great price and a low interest rate loan in the local paper.When Patty comes in to look at that car,the salesman steers her away from the advertised car.Instead the salesman tries to convince her to buy a different used car with a much higher interest rate loan.What unfair sales practice might this be an example of?

Many express warranties are made through advertisements.

When the seller promises that a product is good for a particular activity,they are implying the warranty of merchantability.

Victims of odometer tampering are eligible to receive up to triple the amount of their damages.

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

The ________ Act makes it a crime to change vehicle odometers and faulty odometers must be disclosed to the buyers.