Chapter 19- Consumer Protection

Chapter 19- Consumer Protection - Chapter 19 Consumer...

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Chapter 19- Consumer Protection T RUE -F ALSE  Q UESTIONS         1. Advertising will be deemed deceptive if a consumer would be misled by the advertising claim.         2. In general, labels must be accurate.         3. A consumer cannot rescind a contract freely entered into.         4. The TILA applies to creditors who, in the ordinary course of business, sell goods on credit to  consumers.         5. Misinformation in a consumer’s credit file cannot be deleted.         6. Consumers may have more protection under state laws than federal laws.         7. The Fair Debt Collection Practices Act applies to anyone who attempts to collect a debt.         8. There are no federal agencies that regulate sales.         9. One who leases consumer goods in the ordinary course of business does not have to disclose any  material terms in writing.         10. An advertiser cannot fax ads to consumers without their permission. M ULTIPLE -C HOICE  Q UESTIONS         1. Tasty Treat Company advertises that its cereal, “Fiber Rich,” reduces cholesterol. After an investigation  and a hearing, the FTC finds no evidence to support the claim. To correct the public’s impression of 
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This note was uploaded on 02/27/2011 for the course ACCT 2050 taught by Professor None during the Spring '11 term at Algoma University.

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Chapter 19- Consumer Protection - Chapter 19 Consumer...

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