Business

Which type of law covers warranties and negotiable instruments? A) co

QUESTION Which type of law covers warranties and negotiable instruments? A) commercial law B) contract law C) bankruptcy law D) tort law E) consumer protection law   ANSWER Answer: A Explanation: A) Commercial law covers laws affecting sales transactions, under which warranties and negotiable instruments are covered.

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Date: September 3rd, 2020

Which of the following products is NOT covered under the food and drug

QUESTION Which of the following products is NOT covered under the food and drugs category of consumer-protection laws? A) lipstick B) shaving cream C) eyeglasses D) hearing aids E) apparel   ANSWER Answer: E Explanation: E) The food and drugs category of consumer-protection laws covers food, cosmetics, and medical devices. Apparel is covered under the […]

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Date: September 3rd, 2020

Which of the following is NOT a category of consumer-protection law?

QUESTION Which of the following is NOT a category of consumer-protection law? A) food and drugs B) manufacturing C) labeling and packaging D) consumer product safety E) pricing and credit   ANSWER Answer: B Explanation: B) There are four categories of consumer-protection laws: food and drugs, labeling and packaging, consumer product safety, and pricing and […]

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Date: September 3rd, 2020

The Consumer Product Safety Commission, the Environmental Protection A

QUESTION The Consumer Product Safety Commission, the Environmental Protection Agency, and the Federal Communications Commission are all federal agencies with the power to create and enforce rules and regulations. They are all mainly involved with which type of law? A) common law B) statutory law C) international law D) administrative law E) national law   […]

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Date: September 3rd, 2020

Brenda had health insurance that paid 80 percent of hospitalizations a

QUESTION Brenda had health insurance that paid 80 percent of hospitalizations and other costs. Brenda was sick with cancer for two years, requiring that she have two surgeries, chemotherapy, and radiation therapy. Brenda was unable to work for a good part of that time, but in 2011 she was healthy and returned to work as […]

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Date: September 3rd, 2020

Which of the following is NOT one of the six conditions that make a co

QUESTION Which of the following is NOT one of the six conditions that make a contract legally enforceable? A) offer B) agreement C) consent D) consideration E) legality   ANSWER Answer: A Explanation: A) The two of the six conditions that make a contract legally enforceable and that are missing from the list are capacity […]

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Date: September 3rd, 2020

Implied warranties include the premise that the product or service sho

QUESTION Implied warranties include the premise that the product or service should deliver the promises advertised. Indicate whether the statement is true or false.   ANSWER Answer: TRUE Explanation: Implied warranties include the premise that the product or service should deliver the promises advertised. They also include the premise that the product or service should […]

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Date: September 3rd, 2020