9 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 4 Practice Test Review Test Submission: Module 4 Practice Test Review Test Submission: Module 4 Practice Test User Kristen M Ritch Submitted 3/5/11 5:08 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 4 seconds out of 2 hours and Instructions Question 1 Federal law prohibits vague generalities and obvious exaggerations in advertising. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 It is generally illegal to send an ad via fax without the recipient's permission. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 3 In the ordinary course of business, EZ Funds Corporation offers credit to Fay and other consumers and reports on the loans to credit agencies. To save time and money, EZ generally does not correct or update its reported information. This is most likely to result in Selected Answer: [None Given] Correct Answer: an assessment of damages. 0 out of 2 points Question 4 A credit-reporting agency may issue a credit report to anyone who asks. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 5 Prime Equity Company extends credit in the ordinary course of its business to consumers. Under the Truth-in-Lending Act, Prime must inform a prospective borrower of 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Selected Answer: [None Given] Correct Answer: Prime's credit terms. Question 6 Express warranties displace all inconsistent implied warranties. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 Orange Company makes computers. The company's ad states that "if you aren't eatin' an Orange, you aren't gettin' any 'C." The Federal Trade Commission would consider this ad Selected Answer: [None Given] Correct Answer: neither false nor misleading. 0 out of 2 points Question 8 Kristen receives unsolicited merchandise in the mail. Kristen Selected Answer: [None Given] Correct Answer: may keep the merchandise without any obligation to the sender. 0 out of 2 points Question 9 Universal Assembly Company makes espresso machines and sells one to Vim through a misrepresentation on the label on which Vim relies and that results in an injury to Vim. Universal is most likely liable for Selected Answer: [None Given] Correct Answer: fraud. 0 out of 2 points Question 10 Garden Tool Company makes hedge trimmers. Troy is injured while using a Garden Tool trimmer and sues the company for product liability based on negligence. To win, Troy must show that Selected Answer: [None Given] Correct Answer: Garden Tool did not use due care with respect to the trimmer. 0 out of 2 points
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This note was uploaded on 03/16/2011 for the course BUS 241 taught by Professor Green during the Spring '11 term at New River Community College.

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9 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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