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18 - NR275.BUS.241.35.SP11[Spring 2011 BUS 241-35 Business...

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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 5:19 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 A loan between two consumers is subject to the Truth-in-Lending Act. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 Fun-E Products, Inc., makes and sells toys. The government agency that has the authority to remove a potentially hazardous toy from the market is Selected Answer: [None Given] Correct Answer: the Consumer Product Safety Commission. 0 out of 2 points Question 3 To support the imposition of strict product liability, a product must be substantially changed from the time it is sold to the time an injury occurs. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 4 A manufacturer's duty of care does not extend to the inspection and testing of products bought to incorporate in the final product. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 5 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 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Faculty & Course Informatio Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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result in Selected Answer: [None Given] Correct Answer: an assessment of damages. Question 6 Federal law prohibits vague generalities and obvious exaggerations in advertising. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 The brakes on a Coastal Railroad train malfunction and it rolls towards maintenance workers on the tracks. Everyone gets out of the way except Dick, who wants to show off. The train hits Dick, who sues Everest, Inc., the brakes' manufacturer. Everest can raise the defense of Selected Answer: [None Given] Correct Answer: assumption of risk. 0 out of 2 points Question 8 A public policy underlying the imposition of strict product liability is that a manufacturer who makes an unsafe product should be put out of business. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 9 Counteradvertising is advertising that counters a competitor's claims. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 10 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 11 In sales law, a warranty is an assurance by one party of the existence of a fact on which the other party can rely.
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