Exam 20: Consumer Protection

Corner Market sells groceries.Delite Food & Drug Store sells groceries and fills prescriptions.The chief responsibility to prevent unsafe food and drugs from being sold rests with

Kirk receives an unsolicited credit card in the mail and tosses it on his desk.Without Kirk's permission,his roommate Leif uses the card to buy a new personal computer for $1,800.Kirk is

Debt collectors who use a prohibited debt-collection tactic are exempt from liability if they can show that the debtor used misrepresentation in assuming the debt.

Kristen receives unsolicited merchandise in the mail.Kristen

Essential Foods Corporation makes and markets a variety of processed food products.The federal agency responsible for enforcing health regulations concerning food is

Creditors are required to provide consumers with copies of records that can help the consumer prove that an account or transaction is fraudulent.

Counteradvertising requires a company to advertise the products of its competitor to counter its own false claims.

Food labels are not required to provide standard nutrition facts.

The key federal statute regulating the credit and credit-card industries is basically a disclosure law.

On behalf of RiteNow Collection Agency,Sid poses as a police officer in an attempt to collect payment from Tylo for a shipment of scuba equipment that she returned to Undersea Company two months earlier.This violates

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

Frosty's Appliance Store advertises freezers at a "Special Low Price of $299." When Garth tries to buy one of the freezers,Huey,the salesperson,tells him that they are all sold and no more are obtainable.Huey adds that Frosty's has other freezers for $2,299.This is

Like other manufacturers and sellers,Happy Household Products Company packages its products with labels.Under federal law,such labels must be

To generate sales,Yakkity-Yak,Inc.,uses phone solicitation.Under federal law and Federal Trade Commission regulations,in soliciting business,Yakkity-Yak's telemarketers must

Travel Tours Company faxes ads to Uri and other individual consumers without the recipients' permission.This is subject to

All ads-both online and offline-must be truthful.

Creditworthy Loan Company extends credit in the ordinary course of its business.Under the Truth-in-Lending Act,which is the key federal statute regulating the credit and credit-card industries,Creditworthy must inform potential borrowers of

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

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 action that it will take.This violates

Fun-E Products,Inc.,makes and sells toys.The government agency that has the authority to remove a potentially hazardous toy from the market is