Today's consumer protection laws favor businesses as opposed to consumers. - ✔✔False
The liability limitation for credit card holders who report a lost or theft it $50. - ✔✔True
Taxes due to local government are dischargeable in bankruptcy. - ✔✔False
Many federal agencies use licensing as a means of enforcement. - ✔✔True
One of the major reasons for passage of the Equal Credit Opportunity Act was gender discrimination
against women. - ✔✔True
Chapter 7 allows business entities to keep some exempt property. - ✔✔False
The Fair Debt Collection Practices Act forbids debt collectors from calling on debtors during
inconvenient hours. - ✔✔True
The broad goal of chapter 11 bankruptcy is to work out a way for a debtor to pay off its obligation
while continuing in operation. - ✔✔True
Hearings conducted by agencies for enforcement purposes need not provide due process for the
parties. - ✔✔False 100%
The TILA provisions do not apply to commercial loans. - ✔✔True
Caveat emptor is the legal theory that states employers will be responsible for the negilgent acts of
their employees - ✔✔False
Product comparisons are typically discouraged by regulatory authorities. - ✔✔False
Only large corporations need to be concerned with the regulations created by administrative agencies
- ✔✔False
Ads can be the basis of an express warranty. - ✔✔True
Bankruptcy is federal law. - ✔✔True
OSHA is responsible for making sure food, drugs, and medical devices are safe use. - ✔✔False
The goal of tort law is to provide protection to consumers. - ✔✔False
, Creditors can force a company into particular bankruptcy proceedings. - ✔✔True
Congress appoints the head of administrative agencies by a majority vote. - ✔✔False
Saying that "this car is the ultimate driving experience" is an example of puffery. - ✔✔True
Victims of odometer tampering are eligible to receive up to triple the amount of their damages. -
✔✔True
Strict liability is a common claim of car accident victims. - ✔✔False
Intentional torts are based on carelessness. - ✔✔False
Libel is written and oral defamation - ✔✔False
The Fair Labor Standards Act requires that all workers be offered health insurance coverage. -
✔✔False
The goal of tort law is to punish the tortfeasor. - ✔✔False
100%
Ethics have no place in one's professional or work life. - ✔✔False
It is unethical for an employee to falsify accounting records, even if the employee's boss told the
employee to do so. - ✔✔True
Jessica was caught shoplifting at a department store both by employees who witnessed the act and
cameras in the store. The store's management may hold her as long as it takes to get her to confess.
- ✔✔False
Intentionally touching another in a harmful manner can be civil assault. - ✔✔False
So long as employers follow the FLSA, they will always make ethical decisions when it comes to fair
treatment of employees. - ✔✔False
In general today, workers cannot sue for on-the-job injuries. - ✔✔True
Negligence may result from either an intentional or unintentional act. - ✔✔False
Public reprimands of an employee, while not criminal, are general considered unethical. - ✔✔True
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