A fraudulent misrepresentation is any statement that
A.cancels a contract
B.advertises a product
C.describes a buyer
D.deceives a buyer
The negative option rule applies to products that are sent
A.on a regular basis
B.to a business
C.randomly
D.by mistake
The cooling off rule gives you three business days to
A.refuse to promise delivery of the advertised product
B.extend a written sales contract to a buyer
C.disclose something that is important to the consumer
D.cancel a transaction made away from a seller's regular place of business
An implied warranty is a guarantee imposed by
A.law
B.the manufacturer
C.the seller
D.the buyer
A bailment for the sole benefit of the bailee is
A.mutual benefit bailment
B.gratuitous bailment
C.special bailment
D.tortious bailment
A bailment for the sole benefit of the bailor is a
A.mutual benefit bailment
B.gratuitous bailment
C.special bailment
D.tortious bailment
Someone who holds property wrongfully is a
A.mutual benefit bailee
B.gratuitous bailee
C.special bailee
D.tortious bailee
Items of personal property attached in such a way that they become real property are called
A.fixtures
B.attachments
C.refurbishments
D.investments
The Fair Debt Collection Practices Act makes it illegal for
A.debt collectors to impersonate government officials
B.you to seek the services of a credit repair organization
C.banks and businesses to discriminate against potential creditors
D.you to be denied credit
Chapter 12 bankruptcy allows
A.a single creditor to discharge $11,625 of debt
B.family farmers to create a plan for debt repayment that allows them to keep their farm running
C.individual debtors to reorganize their debts
D.businesses to reorganize their affairs and stay open
The Truth in Lending Law is also called the
A.Fair Credit Reporting Act
B.Fair Credit Billing Act
C.Consumer Credit Protection Act
D.Fair Debt Collection Practices Act
In order to compare the cost of loans from different lenders, you need to know both
A.the usury charge and the loan fees
B.the finance charge and the usury fees
C.the length of the loan and the usury charge
D.the finance charge and the APR
Garnishment of a worker's wages cannot exceed
A.10 percent of weekly take home pay
B.25 percent of weekly take home pay
C.10 percent of monthly take home pay
This investment seeks to earn money solely as a result of the efforts of others
A.safety
B.security
C.minority
D.retirement account
This federal agency was created to develop and implement a national energy policy
A.The Dept of Electricity
B.The Dept of Energy
C.The Dept of Interior
The international agreement to reduce greenhouse gases that contribute to global warming is named after the Japanese city of
What does the word proactive mean?
A.to apply anti-acne medication
B.to act before a situation becomes a source of confrontation or crisis
C.to be active as a professional and not an amateur
Found in Article 1 of the Constitution, this gives Congress the power to regulate commerce among the states
A.Commerce Clause
B.Inter-state Business Clause
C.Business Between States Clause
D.Cause Congress Can Clause
A declaration by the court that a marriage was never valid is a(n)
A.divorce
B.annulment
C.separation
D.blessing
Persons under the age of 18 can marry only with the consent of
A.their high school counselor
B.a parent or guardian
C.the other person's parents
D.all his/her siblings
