Consumer Protection
Quiz by Daniels, Alicia
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- Q1
The law requiring that written express warranties on proudts costing more than ten dollars meet certain requirements is the
Parol evidence rule
Nader-Clayton Warranty Act
Magnuson-Moss Warranty Act
Right of Warranty Law
30s - Q2
The UCC laws govern all of the following business transactions EXCEPT the sale of
Stocks
Cars
Gasoline
Clothing
30s - Q3
A guarantee of quality imposed by law and not in writing is a (n)
oral warranty
express warranty
limited warranty
Implied warranty
30s - Q4
A guarantee that goods are free of financial obligation, or lien, is called a
warranty of title
limited warranty
warranty of privity
warranty of merchantability
30s - Q5
The FTC is a governmental agency created to
Protect you when you lease a car or other big-ticket item
Protect you risk of injury when using consuemr products
Set Safety standards for consumer products
Promote free and fair trade competition
30s - Q6
The Better Business Bureau is a private agency created to
hear consumer complaints at the local and state levels
sue companies with questionable business practices
recall unsafe products
develop warranties for products made locally
30s - Q7
When a store advertises bargains that do not exist, this is a form of
bait and switch advertising
cooling-off advertising
negative option advertising
FTC advertising
30s - Q8
As interstate commerce developed, a need for consistent laws regarding the sale and lease of goods arose
Uniform Commerical Code
Uniform Contract Laws
Federal Sales Act
Federal Trade Commission
30s - Q9
The law that protects you from unreasonable risk when using shampoos and other hair supplies is called the
State Trade Commission Act
Consumer Product Safety Act
Federal Consumer Protection Act
Consumer Leasing Act
30s - Q10
In Texas, the Texas Deceptive Trade Practices Act was designed to protect consumers against
misleading charges on utility bills
fraudulent lease agreements
deceptive products that might be dangeorus to the consumer
False and misleading business and insurance practices
30s - Q11
The waarranty of merchantability applies to nonmerchants as well as merchants
falsetrueTrue or False30s - Q12
Flora's flower Shop purchased six new computers and paid to have them installed. The common law of contract applies in tis situation
falsetrueTrue or False30s - Q13
The cooling-off rule gives you three business days to change your mind about a transaction that was made away from the seller's regular place of business
truefalseTrue or False30s - Q14
The statute of limitations for sale contracts is five years
falsetrueTrue or False30s - Q15
A limited warranty gives limited information
falsetrueTrue or False30s