USA Consumer Law

PART 1

A

MULTIPLE CHOICES

ONE POINT EACH

20 POINTS

Which one of the following was not a requirement for certifying a class action

Economy

The economic loss rule is a judiciary created rule that

Requires claims for pure economic loss must be brought in contract not tort

Which of the following is not a prerequisite for a credit card holder to assert claims and defenses he would have against the merchant , against the credit card company

The consumer must report it to the credit card

company within ten days

The statute of limitations for a breach of warranty is

One year

Which of the following is not a good under the Texas Deceptive Trade Practices Act

Stocks and bonds

The term Caveat emptor means

Let the buyer beware

Credit Bureaus process approximately how many pieces of information a day

50 ,000 ,000

Which of the following is not a credit bureau in the United States

American

Under the Fair Debt Collection Practices Act , a debt collector may

Not call a consumer once the consumer once the consumer tells the debt collector that the employer does not allow such calls

Which of the following is not included within the term actual damages

Lost profit

The term upside down means that the consumer

Owes more than her house is worth

Which one of the following is not a basis for challenging an arbitrator 's decision in court

None of the above

To assert a billing error against a credit card company...