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Consumer Law I Flashcards | StudBud
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Consumer Law I
Consumer Law I
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Answers
1
Asking the media to help solve a consumer complaint?
Disclaimer Line
Action Line
FCC Line
FTC Line
2
A consumer convinces someone else to use or buy the same product they use is known as what?
Rebate Sales
Reward Card Sales
Lien Sales
Referral Sales
3
When two parties go to arbitration what happens?
a third party makes a decision for theparties
third party listen and makesa recommendation
third party offers suggestions to the two parties
a third party prepares arguments for the two sides
4
Time period where buyer cancels a contract that was entered into by a door to door salesperson
Corrective Period
Stop Payment Period
Cooling Off Period
Bait and Switch Period
5
A person who promises to be responsible for another’s person contract?
Co-Signer
Co-Agreer
Co-Debtor
Co-Lender
6
Business ordered to pay back money taken from consumer?
retirement
restitution
rescission
relying
7
An agreement between two people is called a contract?
Hmmmmm
Hmmmmm
Falso
True
8
A creditor's claim on property until a debt is paid?
Lien
Lean
Lied
Lide
9
When the government orders a business to stop a forbidden practice?
cease and desist
cease and stop
cease and decide
cease and detest
10
When an advertiser must admit a deception is known as?
corrective advertising
acceptance of cease and desist
puffing
advertising acceptance mistake
11
Sales technique to get you to buy higher priced item after offering a lower priced item?
high and low
bait and buy
bait and switch
bait and swap
12
What are the two phrases a seller can use to disclaim a product from faults with it?
come and get it and all yours
has faults and is what it is
as is and come and get it
as is and with all faults
13
When a consumer considers several products before making a purchase is called?
comparison shopping
considerate shopping
shopping with detail
debate purchase
14
A guarantee a product will work?
warranty
deal
contract
promise
15
What is puffing?
exaggeration, opinion about a product
advertising with a celebrity
known facts and truth about a product
information commercial about a product
16
A person who buys goods and service?
complaint
contract
consumer
co-signer
17
Which is NOT a direct action a consumer could do if they had a problem with a business?
all are direct actions
letter writing
picket
boycott
18
Asking the court to cancel the contract and receive any money already paid?
Rescission and Restitution
Restitution and Refund
Cease and Resitution
Refund and Rescission