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Consumer Protection

Quiz by Daniels, Alicia

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20 questions
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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

    false
    true
    True or False
    30s
  • Q12

    Flora's flower Shop purchased six new computers and paid to have them installed.  The common law of contract applies in tis situation

    false
    true
    True or False
    30s
  • 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

    true
    false
    True or False
    30s
  • Q14

    The statute of limitations for sale contracts is five years

    false
    true
    True or False
    30s
  • Q15

    A limited warranty gives limited information

    false
    true
    True or False
    30s

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