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UDAP EXAM QUESTIONS AND ANSWERS RATED A+
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Exam of 1 pages for the course UDAP at UDAP (UDAP EXAM)
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UDAP EXAMUDAP - answer Unfair or deceptive acts or practices
The agencies may coordinate their enforcement actions. - answer What happens if a
UDAP involves an entity or entities over which more than one agency has enforcement
authority?
What are the four elements necessary to establish unfairness? - answer-Causes or is
likely to cause substantial injury to consumers
-Consumers must not be reasonably able to avoid the injury
-Injury must not be outweighed by countervailing benefits to consumers or to
competition.
-Public Policy may be considered
What are the three elements necessary to establish deception? - answer-
Representations, omissions, or practices that are likely to mislead
-Considered from the perspective of the reasonable consumer
-The representation, omission, or practice must be material
The four Ps - answerProminence, presentation, placement and proximity.
Prominence - answerThe statement conspicuous enough for the consumer to notice.
Presentation - answerThe information is stated in an easy to understand format that
does not contradict other information in the package and at a time when the consumer's
attention is not distracted elsewhere.
Placement - answerIs the information in a location where consumers can be expected
to look or hear?
Proximity - answerIs the information in a close location to the claims it qualifies?
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