2 - Teri borrows $10,000 from USA National Bank to remodel a room in her home. This transaction is subject to:

a.no federal law.

b.the Consumer Product Safety Act.

c.the Consumer Leasing Act.

d.the Truth-in-Lending Act

3 - Comfy's Bed Company advertises a special sale on mattresses on its website. The mattresses are normally sold for $1,000, but are advertised on the website for $499. The sale price does not, however, include shipping costs. Comfy's charges $250 for shipping any mattress. To avoid any claims of deceptive advertising, Comfy's should:

a.clearly and conspicuously disclose the shipping cost in its ads.

b.include the shipping cost on the last page of Mello's Web site.

c.not reveal the shipping cost.

d.display the shipping cost in small print on Mello's Web page.

4 - Hearth & Home Furniture store advertises bedroom suites at a "Special Low Price of $599." When Ilene tries to buy one of the suites, Jill, the salesperson, tells her that they are all sold and no more are obtainable. Jill adds that Hearth & Home has other bedroom suites available for as low as $2,599. This is:

a.a cease-and-desist order.

b.bait-and-switch advertising.

c.counteradvertising.

d.puffery.

5 - Greg signs an installment contract with Home Appliance Store to finance the purchase of new kitchen appliancesstove, refrigerator, dishwasher, microwave, and toaster ovenfor $3,999. This transaction is subject to:

a.the Telecommunications Act.

b.the Truth-in-Lending Act.

c.the Fair Credit Reporting Act.

d.no federal law.

9 - Creditworthy Loan Company extends credit in the ordinary course of its busi-ness. Under the Truth-in-Lending Act, Creditworthy must inform potential borrowers of:

a.the borrowers' credit scores.

b.comparative prices for goods to be bought with the borrowed funds.

c.Creditworthy's credit terms.

d.credit terms offered by other lenders.

12 - Wild Things, Inc. (WTI), in its ads, makes claims about its products that are obvious exaggerations and claims that are false but appear to be true. WTI may be subject to sanctions for:

a.only the obvious exaggerations.

b.only the false claims.

c.neither the false claims nor the obvious exaggerations.

d.the false claims and the obvious exaggerations.

18 - Sound bites Corporation makes and markets cellphones. Sound bites's ad states that on its phones voices and text come through as "clear as the sky on a cloudless day." The Federal Trade Commission would consider this claim:

a.false and misleading.

b.impermissibly vague and general.

c.a deceptive half-truth.

d.none of the choices.

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