March 18 Exam Flashcards
BBB stands for
Better Business Bureau
On mail, RRR stands for
return receipt requested
DRC stands for
Dispute Resolution Center
If you get a judgment awarded in small claims court, when is the judgment final?
ten days, if no appeal filed
If it’s not paid promptly, what should a consumer request the court to prepare?
an abstract of judgment
What can the court issue that will allow the constable to seize and sell the defendant’s property?
writ of execution
Three kinds of warranties:
express warranty
implied warranty
special statutory warranty
Of those three warranties, which kind is the warranty booklet that came with my washing machine?
expressed warranty
________________________- is a guarantee that the buyer has the right to take the good free of claim from anyone else.
warranty of title
______________________________-guarantees that the thing is fit for the ordinary purpose for the goods of that kind are used.
warranty of merchantability
In a lease situation, a ___________________ guarantees that a place is suitable for living.
warranty of habitability
___________________________ guarantees that, if the seller knows that the buyer intends to use the goods in some specific way, the good must be fit for that purpose.
warranty of fitness for a particular purpose
____________________________ guarantees that services are rendered in a competent, effective way so that the consumer gets the service for which s/he bargained.
warranty of good and workmanlike service
The Texas Lemon Law is an example of ___________.
special statutory
DTPA stands for
deceptive trade practices act
Who does the DTPA protect?
consumers
How many days notice are required before filing suit under the DTPA?
60 days
Breach of peace is synonymous with
disorderly conduct
Name one thing that Texas courts have considered to be a breach of the peace:
physically taking debtor’s keys
Does a creditor have to give notice before repossession?
no
If I manage to get my car back after the repossession, what is the word for that?
redeem to possession
Is there any way I have to keep paying for the car after it’s been repossessed?
yes, if a balance is still due
What law required a business to give me notice of the reason for denial of credit?
fair credit reporting act
What law says that you can’t be denied credit based on gender, race, or age?
Equal Credit Opportunity Act
What Texas law limits the way in which a creditor can contact me?
Texas Debt Collection Act
What federal law does the same thing?
Federal Fair Debt Collection Practices Act
Can a debt collector garnish my paycheck for consumer debt?
no
PIP stands for
personal injury protection
UM stands for
uninsured/under insured motorist
