10 - 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 5:09 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 5 seconds out of 2 hours and Instructions Question 1 On behalf of RiteNow Collection Agency, Sid poses as a police officer in an attempt to collect payment from Tylo for a shipment of scuba equipment that she returned to Undersea Company two months earlier. This violates Selected Answer: [None Given] Correct Answer: the Fair Debt Collection Practices Act. 0 out of 2 points Question 2 Furniture Depot sells Gail a bedroom suite on credit. Gail fails to make the scheduled payments for six months. Furniture Depot sends her a letter, asking for immediate payment. This is a violation of Selected Answer: [None Given] Correct Answer: no federal law. 0 out of 2 points Question 3 "This is the best car I've ever seen." This statement is Selected Answer: [None Given] Correct Answer: puffery. 0 out of 2 points Question 4 A contract cannot contain both implied and express warranties. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 5 A loan between two consumers is subject to the Truth-in-Lending 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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Act. Selected Answer: [None Given] Correct Answer: False Question 6 GR8 Skates Company makes and sells a pair of skates to Hugh. GR8 fails to exercise "due care" to make the skates safe, and Hugh is injured as a result. GR8 is most likely liable for Selected Answer: [None Given] Correct Answer: negligence. 0 out of 2 points Question 7 Drugs must be shown to be effective and safe before they can be marketed. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 8 Sweet Candy, Inc., and Tasty Treats Stores enter into a contract for a sale of candy. Sweet, a merchant who deals in goods of the kind sold, makes express warranties in connection with the sale. Under the UCC, at the time a contract is formed, an express warranty can be disclaimed or modified Selected Answer: [None Given] Correct Answer: by clear, conspicuous language called to the buyer's attention. 0 out of 2 points Question 9 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 Selected Answer: [None Given] Correct Answer: Prime's credit terms. 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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10 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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