Business Law Principles and Practices

Business

Quiz 34 :

Protecting the Consumer and the Taxpayer

Quiz 34 :

Protecting the Consumer and the Taxpayer

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Price fixing
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Multiple Choice
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Answer:

C

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False "suggested list prices" are an example of price fixing.
Free
True False
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Answer:

False

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A judgment in a class action suit is binding only upon the person bringing the suit.
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True False
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Answer:

False

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If a company is guilty of false advertising, the Federal Trade Commission (FTC) may require the company to run corrective advertisements.
True False
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Lemon laws entitle a consumer to receive a new car if there is any defect in the present car.
True False
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Price fixing is legal if it results in lower prices for consumers.
True False
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The Consumer Product Safety Commission does not have the power to force a toy manufacturer to place a warning label on its products.
True False
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Liability for injuries on international flights is set by the Prague Convention.
True False
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Failure to use plain English in contracts voids those contracts.
True False
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The purpose of consumer protection laws is
Multiple Choice
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An item sold at or below cost in order to attract customers is called
Multiple Choice
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Advertising items for sale that are not in stock is an example of misleading advertising.
True False
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Price fixing tends to eliminate competition.
True False
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A person who receives unordered goods must pay for them if they are not returned.
True False
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If a store runs out of sale items, consumers must be given rain checks.
True False
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A consumer who receives unordered goods
Multiple Choice
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Once a consumer enters into a sales contract, he or she may not cancel it for any reason.
True False
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Exaggerating the quality of merchandise is called
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Consumer protection is the sole responsibility of Congress.
True False
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Labels on certain products must contain the name and address of the manufacturer.
True False
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