Multiply Choice 1. Dell advertised that a computer came with particular software. In fact, the software was

Question:

Multiply Choice

1. Dell advertised that a computer came with particular software. In fact, the software was not available for several months. Instead, Dell sent customers a coupon for the software “when available.” What did Dell do wrong?

I. Failed to offer buyers the opportunity to cancel their orders

II. Did not automatically cancel the orders

III. Did not ship the software within 30 days

(a) I and II

(b) I, II, and III

(d) II and III

GET ENOUGH BROADLOOM TO CARPET ANY AREA OF YOUR HOME OR APARTMENT UP TO 150 SQUARE FEET CUT, MEASURED, AND READY FOR INS

When customers called the number provided, New Rapids Carpet Center, Inc., sent salespeople to visit them at home to sell them carpet that was not as advertised—it was not continuous filament nylon pile broadloom, and the price was not $77. What set of rules has New Rapids violated?

(a) Unordered merchandise

(b) Consumer Product Safety Act

(d) Fair Credit Reporting Act

3. Which of the following laws set limits on interest rates?

(a) State usury laws

(b) TILA and state usury laws

(d) None; there are no limits on interest rates

4. Companies must obtain permission from a consumer before charging for overdrafts on:

(a) Debit cards

(b) Credit cards

(d) Both

5. You notice a charge on your credit card bill of $149.99 for a kayak. This seems very strange to you because you have not purchased a kayak. What do you need to do to avoid having to pay this charge?

(a) Call the store

(b) Call the credit card company

(d) Write the credit card company

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...