Reference no: EM13138183
Answer below questions in True and False
1) Ads cannot be unfair
2) Vague generalities and obvious exaggerations constitute deceptive advertising
3) A sanction known as counteradvertising requires a company to advertise the products of its competitor to counter it own false claims
4) Major Credit reporting agencies must provide consumers with free copies of their own credit reports every twelve months.
5) A credit-cardholder is liable for all unauthorized charges made before the creditor is notified that the card has been lost
6) Bait-and-switch advertising occurs when a salesperson lures a consumer into a store by advertising a low-price item in order to switch the consumer to a more expensive item
7) The key federal statute regulating the credit and credit-card industries is basically a disclosure law
8) All statutes that serve to protect the interest of consumers are classified as consumer law.
9) Buyers of most goods sold door to door can cancel their contracts within three business days
10) Federal laws often provide more sweeping and significant protections for the consumer than state laws
Write your answer in in sentence
11) Green Grocer Corporation makes and markets a variety of processed food products. The federal agency responsible for enforcing health regula¬tionscon¬cerning food is
12) Wheels & Deals Corporation is subject to the Truth-in-Lending Act, which concerns
13) Quackity Quack Company's ad states that its product is "the best on the market today." Because of this ad, the Federal Trade Commission is most likely to
14) Through unfair trade practices, Super Sales Company induces Trey and other consumers to enter into one-sided deals. This may be subject to sanctions under
15) 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
16) Va-Va-Voom Products, Inc., engages in deceptive advertising when it markets its product Weight-No-More as able to help consumers lose weight in their sleep. Va-Va-Voom is ordered to include in all future advertising of Weight-No-More the statement, "This product will not cause anyone to lose weight while sleeping." This is
17) Bodie's application to City Bank for a credit card is denied. Bodie can obtain information on her credit history in a credit agency's files under
18) Home Brand Products, Inc., in its ads, makes claims about its products that are obvious exaggerations and claims that are false but appear to be true. Home brand may be subject to sanctions for
19)Frosty's Appliance Store advertises freezers at a "Special Low Price of $299." When Garth tries to buy one of the freezers, Huey, the salesperson, tells him that they are all sold and no more are obtainable. Huey adds that Frosty's has other freezers for $2,299. This is
20) Sweet Treats, Inc., wants to market a new snack food. On the product's label, standard nutrition facts are
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