Exam 3 CHP 44, 45

Question 1

An act that was created to carry out the broadly stated goal of preventing unfair and deceptive trade practices, including deceptive advertising.

Answer 1

Federal Trade Commission Act (FTC)

Question 2

Occurs when a reasonable consumer would be misled by the advertising claim.

Answer 2

Deceptive advertising

Question 3

A form of deceptive advertising that lures the consumer into the store, but prevents the consumer from buying the advertised product. Therefore, pushing the consumer to purchase an available, more expensive product.

Answer 3

Bait-and-switch advertising

Question 4

When the FTC requires a firm to stop false advertising for all of its products.

Answer 4

Multiple product order

Question 5

This act protects trademarks, and also covers false advertising claims.
Must establish:
1. Injury to reputation or sales
2. Causation of injury from false/deceptive advertising
3. Loss of business from buyers due to deceptive advertising

Answer 5

The Lanham Act

Question 6

An act that prohibits telephone solicitation using an automatic telephone dialing system or a prerecorded voice.

Answer 6

Telephone Consumer Protection Act (TCPA)

Question 7

Who enforces the TCPA?

Answer 7

Federal Communications Commission (FCC)

Question 8

A rule that requires a telemarketer to identify the seller’s names, describe the product being sold, and disclose all material facts related to the sale.

Answer 8

Telemarketing Sales Rule (TSR)

Question 9

Laws that permit the buyers of goods sold door-to-door to cancel their contracts within 3 business days.

Answer 9

Cooling-off laws

Question 10

Requires automakers to attach an information label to every new car.

Answer 10

Energy Policy and Conservation Act (EPCA)

Question 11

Requires that food product labels identify the product, the net quantity of contents, number of servings and size of serving, the manufacturer, and the distributor.

Answer 11

Fair Packaging and Labeling Act

Question 12

Which act aimed at combating the problem of obesity in the U.S.?

Answer 12

The Affordable Care Act (APA)

Question 13

An act that protects consumers against adulterated and misbranded foods and drugs.

Answer 13

Federal Food, Drug, and Cosmetic Act (FDCA)

Question 14

An act that conducts research on the safety of individual consumer products and maintains a clearinghouse on the risks associated with various products.

Answer 14

Consumer Product Safety Act (CPSA)

Question 15

The agency that overseas the credit practices of banks, mortgage lenders, and credit-card companies.

Answer 15

Consumer Financial Protection Bureau (CFPB)

Question 16

An act that requires sellers and lenders to disclose credit terms and loan terms so that individuals can shop around for the best financing arrangements. Only for natural persons (NOT CORPORATIONS). Disclosures usually in regulation Z.

Answer 16

Truth-in-Lending Act (TILA)

Question 17

An act that protects consumers against inaccurate credit reporting and requires that lenders and other creditors report correct, relevant, and up-to-date information. If consumer is turned down, they must be notified of the fact of why.

Answer 17

Fair Credit Reporting Act (FCRA)

Question 18

An act that was established to combat identity theft. Created a national fraud alert system.

Answer 18

Fair and Accurate Credit Transactions Act (FACT)

Question 19

A notice that states that the debtor has 30 days in which to dispute the debt and to request a written verification of the debt from the collection agency.

Answer 19

Validation notice

Question 20

An act that attempts to curb perceived abuses by collection agencies.

Answer 20

Fair Debt Collection Practices Act (FDCPA)

Question 21

When someone uses their property that unreasonably interferes with others’ rights to use or enjoy their own property.

Answer 21

Nuisance

Question 22

What is the primary federal agency regulating environmental law?

Answer 22

Environmental Protection Agency (EPA)

Question 23

A statement that is prepared for every major federal action that significantly affects the quality of the environment. KEY WORD = SIGNIFICANT

Answer 23

Environmental Impact Statement (EIS)

Question 24

An act that provides the basis for issuing regulations to control multistate air pollution. Authorizes the EPA to establish air-quality standards for stationary sources. FOCUSES ON HAZARDOUS AIR POLLUTANTS (HAPs)

Answer 24

The Clean Air Act

Question 25

Clean Air Act required equipment that is used to reduce emissions.

Answer 25

Maximum achievable control technology (MACT)

Question 26

What is the U.S.’s first and second regulatory acts over water?

Answer 26

1899 Rivers and Harbors Appropriations Act
1948 Federal Water Pollution Control Act (FWPCA)

Question 27

What is the amendment act for the FWPCA that regulates over what is dumped into U.S. water supplies?

Answer 27

Clean Water Act (CWA)

Question 28

True or false.
The CWA doesn’t require permits for certain bodies of water to be dumped in.

Answer 28

False.
Entities need permits to dump into water (renewed every 5 years)

Question 29

What are the standards for clear water equipment?

Answer 29

Best available control technology (BACT)

Question 30

An act that requires the EPA to set maximum levels for pollutants in the public water systems.

Answer 30

Safe Drinking Water Act

Question 31

An act that regulates the transportation and dumping of pollutants into ocean waters.

Answer 31

Ocean Dumping Act

Question 32

What does the Oil Pollution Act enforce for involved oil companies?

Answer 32

That if the companies discharge oil into navigable waters or close to shores, then they’re liable for clean-up costs and damages.

Question 33

Under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), substances must be….. (3 things)

Answer 33

1. Registered before sales
2. Certified for certain applications
3. Used in limited quantities

Question 34

What is considered the “superfund” regarding fixing damaged environments?

Answer 34

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)

Question 35

A person who generate waste at a site, or transported the waste to the site, or owned or operated the site when the waste was dropped, or is the current owner/operator of a site that waste was dumped.

Answer 35

Potentially Responsible Party (PRP)

Question 36

A defense that protects a landowner who acquired the property after it was used for hazardous waste disposal. Must show that at the time the property was acquired, he or she had no reason to know that it had been used for waste disposal.

Answer 36

Innocent Land Owner Defense