Question 1

Which statement based on textbook discussion is true about debit or credit cards?

Accepted Answer

A) A debit card draws against either an account the user has with a financial institution or a prior payment of money made to the card issuer. 
B) Credit card transactions provide the greater profit to financial institutions. 
C) Debit cards provide greater protection as a matter of law to the consumer. 
D) Debit and credit cards are treated identically by the law. 
A) A debit card draws against either an account the user has with a financial institution or a prior payment of money made to the card issuer. 
B) Credit card transactions provide the greater profit to financial institutions. 
C) Debit cards provide greater protection as a matter of law to the consumer. 
D) Debit and credit cards are treated identically by the law. A

Question 2

Which statute prohibits the government from accessing the financial records of any customer from a financial institution unless the financial records are reasonably described and the customer allows such access or certain approvals are made by a search warrant or
Administrative subpoena?​

Accepted Answer

A) Right to Financial Privacy Act of 1978 
B) Fair Debt Collections Practices Act 
C) The Privacy Act of 1974 
D) Gramm-Leach-Bliley Act 
A) Right to Financial Privacy Act of 1978 
B) Fair Debt Collections Practices Act 
C) The Privacy Act of 1974 
D) Gramm-Leach-Bliley Act A

Question 3

A seller or lessor may generally _______________ (limit or negate) all warranties.​

Accepted Answer

disclaim

Question 4

A warranty that goods delivered will be free of creditors' claims, such as liens of which the buyer is not aware at the time of contracting is known as:​

Accepted Answer

A) Warranty of title 
B) Warranty against encumbrances 
C) Warranty of merchantability 
D) Warranty of conformity 
A) Warranty of title 
B) Warranty against encumbrances 
C) Warranty of merchantability 
D) Warranty of conformity

Question 5

Department Store sold Mary a food processor. When she took it out of the box, and attempted to use it, the motor did not work. On these facts which UCC warranties have been breached?​

Accepted Answer

A) Express warranty 
B) Implied warranty of merchantability 
C) Implied warranty of fitness for a particular purpose 
D) Warranty of Title 
A) Express warranty 
B) Implied warranty of merchantability 
C) Implied warranty of fitness for a particular purpose 
D) Warranty of Title

Question 6

The UCC establishes certain warranties in the sale of goods and requires the government to recall defective products. ​

Accepted Answer

A) True 
 B)False

Question 7

The implied warranty of _________________ is given by merchant sellers.​

Accepted Answer

The answer of The implied warranty of _________________ is given...

Question 8

Defendant Robert Martin gave his American Express credit card to McBride, a business associate, for use in a joint venture. McBride retuned the card to Martin and then disappeared. Martin  claimed that he had orally authorized McBride to charge up to $500, but McBride charged about $5300. Is Martin liable for $50 or $5300? Explain.​

Accepted Answer

​Martin is liable to American Express fo

Question 9

Because the right to privacy is considered a fundamental human right, it is expressly guaranteed by the U.S. Constitution. ​

Accepted Answer

A) True 
 B)False

Question 10

The _________________________________is charged with overseeing the safety of all consumer products other than autos, trucks, airplanes, boats, food, drugs, and cosmetics.​

Accepted Answer

Consumer P

Question 11

Which of the following could be considered an express warranty under the UCC?

Accepted Answer

A) A manufacturer advertised that a bag of candy contained "at least 60 pieces of candy." 
B) "Shatterproof Glass" 
C) Kuranda Dog Beds: "Chew proof" 
D) All of the above 
E) None of the above 
A) A manufacturer advertised that a bag of candy contained "at least 60 pieces of candy." 
B) "Shatterproof Glass" 
C) Kuranda Dog Beds: "Chew proof" 
D) All of the above 
E) None of the above

Question 12

A light-bulb exploded when it was switched on. Which of the following people may recover under the implied warranty of merchantability of they are injured?​

Accepted Answer

A) The purchaser of the bulb only 
B) The purchaser of the bulb and family members living in the home only 
C) The purchaser of the bulb, family members living in the home and guests only 
D) No one unless the bulb was guaranteed not to explode 
A) The purchaser of the bulb only 
B) The purchaser of the bulb and family members living in the home only 
C) The purchaser of the bulb, family members living in the home and guests only 
D) No one unless the bulb was guaranteed not to explode

Question 13

Which statement based on textbook discussion is true about debit or credit cards?​

Accepted Answer

A) A debit card draws against either an account the user has with a financial institution or a prior payment of money made to the card issuer. 
B) Credit card transactions provide the greater profit to financial institutions. 
C) Debit cards provide greater protection as a matter of law to the consumer. 
D) Debit and credit cards are treated identically by the law. 
A) A debit card draws against either an account the user has with a financial institution or a prior payment of money made to the card issuer. 
B) Credit card transactions provide the greater profit to financial institutions. 
C) Debit cards provide greater protection as a matter of law to the consumer. 
D) Debit and credit cards are treated identically by the law.

Question 14

It is not necessary to the creation of an express warranty that the seller use formal words such as "warrant" or "guarantee." ​

Accepted Answer

A) True 
 B)False

Question 15

______________________is the right to is the right to protect fiscal and consumer data and information about oneself.​

Accepted Answer

consumer o

Question 16

The Fair Debt Collections Practices Act protects consumers from abusive debt collection practices, while the Fair Credit Reporting Act regulates the conditions under which disclosure of personal information may be made to third parties by consumer reporting agencies. ​

Accepted Answer

A) True 
 B)False

Question 17

From the cardholder's point of view there are no differences in the statutory protections available between credit cards and debit cards. ​

Accepted Answer

A) True 
 B)False

Question 18

A sales representative called on the Smiths at their home to sell them frozen food (steaks, chicken and veal) along with a small freezer for $1000. After a very persuasive sales pitch, the Smiths agreed. Two days later they regretted their decision, contacted the company, and stated that they had decided to rescind the contract and return the food and the freezer. May they?​

Accepted Answer

A) No, it was an in-home sale and not unsolicited merchandise. 
B) No, they executed a contract. 
C) No, the Smiths have title to the food and the freezer. 
D) Yes, the three-day in-home sales rule of the FTC allows the Smiths to rescind the contract. 
A) No, it was an in-home sale and not unsolicited merchandise. 
B) No, they executed a contract. 
C) No, the Smiths have title to the food and the freezer. 
D) Yes, the three-day in-home sales rule of the FTC allows the Smiths to rescind the contract.

Question 19

A can of Alpo cat food states on its label, "Tastes Better than 9-Lives." Ruby's cat "Tom," in fact, prefers 9 Lives to the Alpo brand. Which warranties have been breached?​

Accepted Answer

A) Express warranty 
B) Implied warranty of merchantability 
C) Both of the above 
D) Neither of the above. The statement is not an affirmation of fact or promise. 
A) Express warranty 
B) Implied warranty of merchantability 
C) Both of the above 
D) Neither of the above. The statement is not an affirmation of fact or promise.

Question 20

The ___________________________requires that nutritional information be provided on labels on can and packaged foods.​

Accepted Answer

Nutrition

Which statement based on textbook discussion is true about debit or credit cards?

Which statute prohibits the government from accessing the financial records of any customer from a financial institution unless the financial records are reasonably described and the customer allows such access or certain approvals are made by a search warrant or Administrative subpoena?

A seller or lessor may generally _______________ (limit or negate) all warranties.

A warranty that goods delivered will be free of creditors' claims, such as liens of which the buyer is not aware at the time of contracting is known as:

Department Store sold Mary a food processor. When she took it out of the box, and attempted to use it, the motor did not work. On these facts which UCC warranties have been breached?

The UCC establishes certain warranties in the sale of goods and requires the government to recall defective products.

The implied warranty of _________________ is given by merchant sellers.

Because the right to privacy is considered a fundamental human right, it is expressly guaranteed by the U.S. Constitution.

The _________________________________is charged with overseeing the safety of all consumer products other than autos, trucks, airplanes, boats, food, drugs, and cosmetics.

Which of the following could be considered an express warranty under the UCC?

A light-bulb exploded when it was switched on. Which of the following people may recover under the implied warranty of merchantability of they are injured?

Which statement based on textbook discussion is true about debit or credit cards?

It is not necessary to the creation of an express warranty that the seller use formal words such as "warrant" or "guarantee."

______________________is the right to is the right to protect fiscal and consumer data and information about oneself.

The Fair Debt Collections Practices Act protects consumers from abusive debt collection practices, while the Fair Credit Reporting Act regulates the conditions under which disclosure of personal information may be made to third parties by consumer reporting agencies.

From the cardholder's point of view there are no differences in the statutory protections available between credit cards and debit cards.

A can of Alpo cat food states on its label, "Tastes Better than 9-Lives." Ruby's cat "Tom," in fact, prefers 9 Lives to the Alpo brand. Which warranties have been breached?

The ___________________________requires that nutritional information be provided on labels on can and packaged foods.

Introduction to Law

The Constitution

The Court System

Attorney-Client Relationship and Dispute Resolution

Administrative Law

Crimes: Public Wrongs

Torts: Private Wrongs

Contracts: Enforceable Agreements

Real Property and Home Ownership

Intellectual and Personal Property Including Motor Vehicles

Renters and Landlords

Employee and Employer Rights and Duties

Family Law

Wills, Trusts, and Probate

Filters

Exam 13: Consumer Rights, Privacy, and Protection

Which statement based on textbook discussion is true about debit or credit cards?

Which statute prohibits the government from accessing the financial records of any customer from a financial institution unless the financial records are reasonably described and the customer allows such access or certain approvals are made by a search warrant or Administrative subpoena?​

A seller or lessor may generally _______________ (limit or negate) all warranties.​

A warranty that goods delivered will be free of creditors' claims, such as liens of which the buyer is not aware at the time of contracting is known as:​

Department Store sold Mary a food processor. When she took it out of the box, and attempted to use it, the motor did not work. On these facts which UCC warranties have been breached?​

The UCC establishes certain warranties in the sale of goods and requires the government to recall defective products. ​

The implied warranty of _________________ is given by merchant sellers.​

Because the right to privacy is considered a fundamental human right, it is expressly guaranteed by the U.S. Constitution. ​

The _________________________________is charged with overseeing the safety of all consumer products other than autos, trucks, airplanes, boats, food, drugs, and cosmetics.​

Which of the following could be considered an express warranty under the UCC?

A light-bulb exploded when it was switched on. Which of the following people may recover under the implied warranty of merchantability of they are injured?​

Which statement based on textbook discussion is true about debit or credit cards?​

It is not necessary to the creation of an express warranty that the seller use formal words such as "warrant" or "guarantee." ​

______________________is the right to is the right to protect fiscal and consumer data and information about oneself.​

The Fair Debt Collections Practices Act protects consumers from abusive debt collection practices, while the Fair Credit Reporting Act regulates the conditions under which disclosure of personal information may be made to third parties by consumer reporting agencies. ​

From the cardholder's point of view there are no differences in the statutory protections available between credit cards and debit cards. ​

A can of Alpo cat food states on its label, "Tastes Better than 9-Lives." Ruby's cat "Tom," in fact, prefers 9 Lives to the Alpo brand. Which warranties have been breached?​

The ___________________________requires that nutritional information be provided on labels on can and packaged foods.​

Introduction to Law

The Constitution

The Court System

Attorney-Client Relationship and Dispute Resolution

Administrative Law

Crimes: Public Wrongs

Torts: Private Wrongs

Contracts: Enforceable Agreements

Real Property and Home Ownership

Intellectual and Personal Property Including Motor Vehicles

Renters and Landlords

Employee and Employer Rights and Duties

Family Law

Wills, Trusts, and Probate

Filters

Which statute prohibits the government from accessing the financial records of any customer from a financial institution unless the financial records are reasonably described and the customer allows such access or certain approvals are made by a search warrant or Administrative subpoena?

A seller or lessor may generally _______________ (limit or negate) all warranties.

A warranty that goods delivered will be free of creditors' claims, such as liens of which the buyer is not aware at the time of contracting is known as:

Department Store sold Mary a food processor. When she took it out of the box, and attempted to use it, the motor did not work. On these facts which UCC warranties have been breached?

The UCC establishes certain warranties in the sale of goods and requires the government to recall defective products.

The implied warranty of _________________ is given by merchant sellers.

Because the right to privacy is considered a fundamental human right, it is expressly guaranteed by the U.S. Constitution.

The _________________________________is charged with overseeing the safety of all consumer products other than autos, trucks, airplanes, boats, food, drugs, and cosmetics.

A light-bulb exploded when it was switched on. Which of the following people may recover under the implied warranty of merchantability of they are injured?

Which statement based on textbook discussion is true about debit or credit cards?

It is not necessary to the creation of an express warranty that the seller use formal words such as "warrant" or "guarantee."

______________________is the right to is the right to protect fiscal and consumer data and information about oneself.

The Fair Debt Collections Practices Act protects consumers from abusive debt collection practices, while the Fair Credit Reporting Act regulates the conditions under which disclosure of personal information may be made to third parties by consumer reporting agencies.

From the cardholder's point of view there are no differences in the statutory protections available between credit cards and debit cards.

A can of Alpo cat food states on its label, "Tastes Better than 9-Lives." Ruby's cat "Tom," in fact, prefers 9 Lives to the Alpo brand. Which warranties have been breached?

The ___________________________requires that nutritional information be provided on labels on can and packaged foods.