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Ch44-TB2-WBL-10O& - Chapter44 ConsumerLaw N.B:,modified,orunchanged,as follows N = TRUE/FALSEQ

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Chapter 44 Consumer Law N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1.  The test for whether an ad is deceptive is whether a reasonable consumer  would be deceived. ANSWER: T PAGE: 888 TYPE: = 2.  Puffing is prohibited. ANSWER: F PAGE: 888 TYPE: + 3.  An ad that contains a “half truth”—information that is true but incomplete —is not deceptive. ANSWER: F PAGE: 888 TYPE: + 4.  A company charged with deceptive advertising must go through a hearing  to resolve the complaint. ANSWER: F PAGE: 889 TYPE: + 189
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190 TEST BANK 2—UNIT NINE: GOVERNMENT REGULATION 5.  Product labels do not need to be accurate if they use easily understood  words. ANSWER: F PAGE: 890 TYPE: = 6.  Labels on packages must use words that can be explained by the ordinary  marketing executive. ANSWER: F PAGE: 890 TYPE: N 7.  Counteradvertising is prohibited. ANSWER: F PAGE: 890 TYPE: N 8. Counteradvertising is advertising that counters a competitor’s claims. ANSWER: F PAGE: 890 TYPE: = 9.  When a consumer cancels an order, a mail-order merchant must issue a  refund within a specific period of time. ANSWER: T PAGE: 891 TYPE: = 10.  Online sales are  not  yet subject to state or federal consumer laws. ANSWER: F PAGE: 891 TYPE: = 11.   Regulation Z spells out what information must be disclosed in transactions  subject to the Truth-in-Lending Act. ANSWER: T PAGE: 892 TYPE: = 12.  sale  between two consumers is  not  subject to the Truth-in-Lending Act. ANSWER: T PAGE: 892 TYPE: + 13.  loan  between two consumers is subject to the Truth-in-Lending Act. ANSWER: F PAGE: 892 TYPE: N 14.  The Equal Credit Opportunity Act prohibits the denial of credit on the basis  of an individual’s financial status.
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CHAPTER 44: CONSUMER LAW 191 ANSWER: F PAGE: 892 TYPE: N 15. An individual is  not  liable for unauthorized charges on a credit card that he  or she did  not  solicit. ANSWER: T PAGE: 892 TYPE: = 16.   A credit agency that negligently fails to delete inaccurate information from  a person’s credit report is liable. ANSWER: T PAGE: 893 TYPE: = 17. Creditors can contact a debtor only at the debtor’s place of employment. ANSWER: F PAGE: 895 TYPE: N 18. A creditor may contact at any time a debtor who has refused to pay a debt. ANSWER:
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This note was uploaded on 10/15/2010 for the course ACCT ACCT40 taught by Professor Birnbaum during the Fall '08 term at CUNY Brooklyn.

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Ch44-TB2-WBL-10O& - Chapter44 ConsumerLaw N.B:,modified,orunchanged,as follows N = TRUE/FALSEQ

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