B-Law Chapter 14&15

a consumer who wishes to cancel a contract made with a door-to-door salesperson must do so within

3 day rule

companies that run telemarketing scams often charge for their services through

900 numbers

The law requiring that written express warranties on products costing more than $10 meet certain requirements is the ..

Magnuson-Moss Warranty Act

product that contains any substance mixed or packed with it to reduce its quality or strength below the prescribed minimum standards

adulterated

consumers should be wary of work-at-home

advertising

advertising a nonexistent bargain to lure customers and then selling the customers more expensive merchandise is called

bait and switch

advertising a nonexistent bargain to lure customers so they can be sold more expensive merchandise

bait and switch

latin phrase translated as "let the buyer beware"

caveat emptor

latin phrase translated as "Let the seller beware"

caveat venditor

legally binding orders to stop a practice of using advertising that would mislead the public

cease and desist orders

losses that do not flow directly from an act but only from some of the results of the act

consequential damages

any person who purchases or leases goods, services, or property primarily for personal, family or household use

consumer

rule that gives consumers three business days to cancel most contracts made with door-to-door salespersons

cooling-off rule

requirement of the buyer to notify the seller within a reasonable time after a products defect is discovered

duty to notify

an oral statement of fact or promise constitutes

express warranty

oral or written guarantee by a manufacturer or a seller

express warranty

consumers who order goods by mail are protected by _____ statutes

federal

assurance that a defective product will be fixed or replaced free within a reasonable time after a complaint has been made about it

full warranty

the cooling-off rule applies to consumer product parties given in ____

homes

a guarantee of quality imposed by law and not in writing is a(n)

implied warranty

guarantee of quality imposed by law, not in writing; comes about only when goods are sold

implied warranty

product liability laws cover defective products that cause

injury

sales within a state

intrastate sales

warranty that provides restricted protection

limited warranty

goods must be fit for ordinary purposes under the implied warranty of

merchantability

the warranty of merchantability applies to

merchants

a food or drug with false or misleading labeling or packaging is said to be

misbranded

relationship between the parties of a contract

privity of contract

manufacturers and sellers are accountable for injuries caused by unsafe or defective under the principle of

product liability

responsibility of manufacturers and sellers for injuries caused by products that are defective

product liability

when stolen goods are sold to an innocent purchaser, the true owner is entitled to ____ of the goods

return

the federal government has no control over goods manufactured and sold only within the boundaries of a

state

doctrine that states that the people engaged in dangerous activities will be held liable, regardless of how careful they were and regardless of their intent

strict liability

an implied warranty that arises from the customary ways in which the parties have dealt in the past

usage of trade

guarantee by a seller that its products are not defective and that they are suitable for the use for which they are intended

warranty

Implied warranty that the seller of goods possesses a good, clean title to the goods and can lawfully transfer that title to the buyer

warranty of title

a guarantee that goods are free of financial obligation, or lien, is called

warranty of title