Unit test

Consumer Law Test Review

List possible things that could make a contract invalid

What is a warranty of merchantability?

What information about student loans was presented in this text?

List the laws about telemarketing / telemarketers that was described in this text.

What is meant by the term “remedy”? provide some examples.

Name the advantages of small claims court.

Explain how interest in affected by length of the term of the loan when financing a car.

What does the Magnuson-Mass Warranty Act require about written warranties?

What do Better Business Bureaus do?

When deciding on whether to keep credit card accounts (or if you are going to keep some, which ones should you keep) what should you first find out?

The following terms will be presented in a matching format.

a.	acceptance	d.	cosign
b.	fraud	e.	offer
c.	consideration	f.	unconscionable

Match each statement with the correct item below.

a.	usury	e.	unsecured credit
b.	creditors	f.	credit sales
c.	debtors	g.	bill consolidation
d.	default

Match each item with the correct statement below.

a.	duty to mitigate	d.	contract
b.	Federal Trade Commission	e.	specific performance
c.	consumer	f.	Americans with Disabilities Act

Match each agency or organization with the complaint it handles. (You will be given descriptions of situations and must apply to term to the organization that would handle it.)

a.	Better Business Bureau
b.	Consumer Product Safety Commission
c.	Department of Transportation
d.	Federal Trade Commission
e.	Food and Drug Administration
f.	U.S. Postal Service

Open ended question (24 points) will be to select some things that you learned that will be most important to you. You must describe the law in detail and provide examples of how it will help you.