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Personal Law B > Ch 14 > Flashcards

Ch 14 Flashcards

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0
Q

Any method of business that is dishonest or fraudulent.

A

Unfair trade practice

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1
Q

An individual who acquires goods primarily for personal use

A

Comsumer

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2
Q

The government agency that issues and enforces safety standards from most consumer products.

A

CPSP

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3
Q

A court action that allows one or several persons to sue on the behalf of others.

A

Class action

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4
Q

The practice of luring customers to a store by advertising a few, low-priced items

A

Bait and switch

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5
Q

The phrase that means “Let the seller beware”

A

Caveat venditor

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6
Q

An order that requires a company to stop a certain conduct

A

Cease and desist

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7
Q

A phrase that means “Let the buyer beware”

A

Caveat Emptor

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8
Q

An untrue claim of quality or effectiveness

A

False advertising

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9
Q

The government agency that regulates the production of safe food and drugs

A

FDA

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10
Q

The government agency that prevents false and misleading advertising

A

FTC

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11
Q

A classification for products that do not meet the FDA’s standard for purity and quality.

A

adulterated

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12
Q

A form of gambling where no skill is required to win

A

Lottery

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13
Q

The force that drives efficient businesses to create new and better products and services

A

Completion

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14
Q

voluntary, court-enforceable agreement to stop an illegal practice.

A

Consent order

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15
Q

The return of wrongfully obtained money to a customer

A

Restitution

16
Q

What is exaggerated sales talk called?

A

Puffing

17
Q

What is an unstated warranty that is imposed on all sellers?

A

Implied

18
Q

What kind of warranty provides less coverage than a full warranty?

A

Limited

19
Q

What is a seller’s statement about a product’s quality called?

A

Warranty

20
Q

What is a notice of an exclusion?

A

Disclaimer

21
Q

What is the unauthorized use of a product

A

Infrigentment

22
Q

What is a claim of a third party called?

A

Encumbrance

23
Q

What kind of warranty includes an explicit assurance of quality or promise of performance by the seller?

A

Express

24
Q

In what kind of warranty does the seller recommend a product to the buyer for a specific purpose?

A

Fitness

25
Q

What kind of warranty requires that goods be fit for ordinary purposes for which such goods are used?

A

Merchantabilty

26
Q

What is the tort that could be the basis for a product liability suit?

A

Negligence

27
Q

What is the tort that could be the basis for a product liability suit?

A

Negligence

28
Q

One type of liability

A

Strict

29
Q

What is the relationship between contracting parties called?

A

Privity

30
Q

If this person alters a product, no liability exists.

A

User

Personal Law B (5 decks)

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