ANSWERS-CH48 - CHAPTER 48 THE FEDERAL TRADE COMMISSION ACT...

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CHAPTER 48 THE FEDERAL TRADE COMMISSION ACT AND CONSUMER PROTECTION LAWS ANSWERS TO CHAPTER 48 True-False Multiple Choice 1. F 2. F 3. F 4. T 5. T 6. T 7. T 8. F 9. F 10. F 11. T 12. F 13. b 14. c 15. b 16. b 17. a 18. d 19. d 20. a 21. d 22. c 23. d Short Essay 24. The student should discuss basic provisions and requirements for open-end credit plans; disclosure requirements for closed-end credit plans; and disclosure requirements for credit card applications and solicitations. Note that other provisions of the law deal with consumer credit advertising, open-end consumer credit plans, and credit cards. 25. Normally, the FDCPA applies only to those who are engaged in the business of collecting debts for others--basically, debt collection agencies. Of course, this does not preclude other kinds of liability for C. 26. The main obstacle to a deception claim is the "reasonable consumer" standard. Elmer's claims are not very plausible. (However, although this was not mentioned in the text,
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ANSWERS-CH48 - CHAPTER 48 THE FEDERAL TRADE COMMISSION ACT...

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