Consumer Protection

1. Identify who may sue and who may be sued when a defective product causes harm.

2. Identify conduct prohibited by the Equal Credit Opportunity Act.

3. State the purpose of Truth-in-Advertising legislation.

4. Discuss the Lemon Law. Give an fictitious example.

5. Explain and applythe more-than-four-installments rule in an example.

6. Describe the Truth-In-Lending Act. How is this important to consumers?

7. Describe the Fair Debt Collection Practices Act. How is this important to consumers?

8. Explain the effect of the Federal Warranty Disclosure Act of 1974.

9. State the extent to which the holder of a credit card is liable for purchases made by a person finding or stealing the card.

10. List the remedies available for a breach of consumer protection law.

11. What warranties are implied by law in all sales?

12. Describe the scope of federal laws to childproof containers and packages.

13. What is a "cooling off" period?Give an example.

14. Describe the scope of the Federal Food and Drug Administration's regulations of health foods and supplements.