Consumer Rights and Responsibilities

Eva hires a well-known pop singer to support the use of her new fashion label. Which technique of advertising does Eva use here?

• vague claim

• bandwagon advertising

• endorsement

• incentives

• facts and statistics

Kamilla notices that her credit card company has charged too high an interest rate for delayed payment this month. Which law protects her from this issue?

• Credit Card Accountability, Responsibility and Disclosure Act

• Fair Credit Reporting Act

• Magnuson-Moss Warranty Act

• Fair Debt Collection Practices Act

• Identity Theft and Assumption Deterrence Act

Theo and Brandon sign a written contract in which Theo agrees to supply raw materials to Brandon’s company in return for set fees for one year. Which form of contract have both the individuals entered into?

• informal contract

• unilateral contract

• express contract

• implied contract

Kylo approaches a bank for home loan. He is denied the loan when the verification of his credit history through his credit report reveals he has defaulted in the payment of a car loan. Kylo realizes that the information provided by the credit bureau is erroneous. Which law allows for action to be taken in case of errors in his credit report?

• Fair Credit Billing Act

• Credit Card Accountability, Responsibility and Disclosure Act

• Fair Credit Reporting Act

• Fair Debt Collection Practices Act

Which technique of advertising shows that multiple consumers use a product to build consumer trust in the product?

• promotional advertising

• bandwagon advertising

• endorsements

• indirect advertising

What does the CAN-SPAM Act regulate?

The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for ______________.

• athletes

• women

• children

• fathers

What are the different types of contract?

The different types of contract are express contract, ____________ contract, unilateral contract, and bilateral contract.

• voided

• expired

• implied

• imperfect

• unacceptable

Which Act protects consumers against inaccurate and unfair practices from credit card companies and lenders?

The _________ in Lending Act protects consumers against inaccurate and unfair practices from credit card companies and lenders.

• Trade

• Tracking

• Trust

• Truth

Which sentences correctly describe the precautions you can take to protect your personal information as a consumer?

• Elizabeth likes to make friends on social media.

• She spends a lot of time surfing social networking sites and sharing her likes, dislikes, and important life events with everyone available online.

• Anne avoids opening links sent to her from strangers or unknown email IDs.

• She changes her computer password frequently and keeps the password a mix of letters, numbers and special characters.

Which sentence describes a contract comprehensively?

• A contract needs to have an offer and a legal purpose.

• A contract includes an offer and acceptance without any consideration.

• A contract includes an offer, acceptance, and consideration without a legal purpose.

• A contract includes an offer, acceptance, consideration, and a legal purpose.