Question 1

Consumer information legislation protects consumers by

Accepted Answer

Consumer information legislation protects consumers by prohibiting false or misleading statements and advertising and providing for standards. This gives consumers accurate information about the products they are purchasing and promotes fair competition among businesses. While certain consumer goods may require testing procedures, elaborate testing procedures are not always necessary or feasible. Therefore, option D is incorrect.

Question 2

Consumer protection legislation

Accepted Answer

E

Question 3

Phil entered into an agreement with Marina Boats for the purchase of a new sail boat for $21,000. The purchase was to be on credit, subject to a favourable credit report on Phil. Marina Boats checked with Credit Reporting Company, and was informed that Phil had defaulted on a number of debts, and presently had judgments in the amount of $30,000 against him. If the information in the credit report is accurate, Marina Boats may deny credit to Phil on the strength of the report.

Accepted Answer

If the information in the credit report is accurate and shows that Phil has defaulted on debts and has judgments against him, it provides a valid reason for Marina Boats to deny credit to him.

Question 4

Jelly candies are shaped like rounded-off coffee creamers and filled with flavoured gelatin and a chunk of fruit. How is this product regulated?

Accepted Answer

The answer of Jelly candies are shaped like rounded-off coffee...

Question 5

Consumer protection legislation may be instituted as a result of which of the following business activities:

Accepted Answer

The technological complexity of goods and increase in the granting of consumer credit both increase the potential for consumers to be taken advantage of or experience harm, making it necessary to have consumer protection legislation. The other choices do not necessarily lead to the need for consumer protection legislation.

Question 6

Phil entered into an agreement with Marina Boats for the purchase of a new sail boat for $21,000. The purchase was to be on credit, subject to a favourable credit report on Phil. Marina Boats checked with Credit Reporting Company, and was informed that Phil had defaulted on a number of debts, and presently had judgments in the amount of $30,000 against him. Persons using credit who have reason to believe that the files of a credit reporting agency contain inaccurate information, may have their files corrected, or include their own explanatory notes concerning the information.

Accepted Answer

This statement is true according to the Fair Credit Reporting Act (FCRA) which allows consumers to dispute inaccurate or incomplete information on their credit reports and request corrections or explanations to be added.

Question 7

Common law remedies available to consumers

Accepted Answer

The answer of Common law remedies available to consumers
...

Question 8

Deceptive labelling is prohibited under

Accepted Answer

The answer of Deceptive labelling is prohibited under
...

Question 9

One of the first types of sellers to be regulated by consumer protection legislation in 1260 was

Accepted Answer

In 1260, the Assize of Bread and Ale was enacted in England, regulating the quality and quantity of bread and ale sold by bakers and brewers. This was one of the first consumer protection laws in history.

Question 10

Bedford operates a collection agency, which has as its primary clients discount furniture and stereo equipment retailers. His customers are typically owed amounts under $2 000. Bedford often finds himself under considerable pressure from his clients to recover outstanding monies quickly.

Accepted Answer

The answer of Bedford operates a collection agency, which has...

Question 11

Consumer protection in respect of credit aims to

Accepted Answer

The answer of Consumer protection in respect of credit aims...

Question 12

Consumer protection laws have taken the following approaches:

Accepted Answer

Consumer protection laws have taken all of the approaches listed, which include disclosure of information, expanded consumer rights, minimum standards for safety, quality, and performance, and registration and prohibition of certain unethical practices.

Question 13

Arbitration is available to resolve disputes over manufacturing defects in what kind of product?

Accepted Answer

Arbitration is commonly used to resolve disputes over manufacturing defects in automobiles.

Question 14

Itinerant sellers

Accepted Answer

The answer of Itinerant sellers
...

Question 15

The Hazardous Products Act

Accepted Answer

The Hazardous Products Act requires certain products to carry a written warning including a depiction of the type of inherent danger. While it does regulate products that could cause harm, it does not necessarily prohibit their manufacture. It does not control drug and food products specifically, but rather regulates hazardous products more broadly.

Question 16

Phil entered into an agreement with Marina Boats for the purchase of a new sail boat for $21,000. The purchase was to be on credit, subject to a favourable credit report on Phil. Marina Boats checked with Credit Reporting Company, and was informed that Phil had defaulted on a number of debts, and presently had judgments in the amount of $30,000 against him. If credit is denied because of an unfavourable credit report, in most jurisdictions, the seller must inform the buyer of the reason for the refusal of credit.

Accepted Answer

In most jurisdictions, the seller is required to inform the buyer of the reason for the refusal of credit if it's denied because of an unfavourable credit report.

Question 17

The Province of Ontario, in 2005, brought into effect new consumer protection legislation that incorporated the Consumer Protection Act, the Consumer Protection Bureau Act, the Law Brokers Act, as well as which other Act(s)?

Accepted Answer

The question states that in 2005, Ontario brought into effect new consumer protection legislation that incorporated not only the Consumer Protection Act and the Consumer Protection Bureau Act, but also the Law Brokers Act. Therefore, the only answer choice that includes all three of these Acts (in addition to the other Acts listed) is E, which includes the Motor Vehicle Repair Act, the Prepaid Services Act, and the Business Practices Act.

Question 18

Phil entered into an agreement with Marina Boats for the purchase of a new sail boat for $21,000. The purchase was to be on credit, subject to a favourable credit report on Phil. Marina Boats checked with Credit Reporting Company, and was informed that Phil had defaulted on a number of debts, and presently had judgments in the amount of $30,000 against him. In most jurisdictions, credit reporting legislation requires either the permission of the debtor, or notice to the debtor of an intention to obtain a consumer credit report on the debtor.

Accepted Answer

Most jurisdictions require either the permission of the debtor or notice to the debtor before obtaining a consumer credit report.

Question 19

The labelling of disposable propane cylinders is regulated under which legislation?

Accepted Answer

The Hazardous Products Act regulates the labelling and safety of consumer products, including disposable propane cylinders which can be classified as hazardous due to their flammable nature. The Sale of Goods Act relates to the sale of goods and does not specifically address labelling requirements. The Consumer Products Act ensures that consumer products meet safety standards, but does not regulate labelling requirements for disposable propane cylinders. The Flammable Gas and Liquids Act is a US federal law and is not applicable to Canadian regulations. The Food and Drugs Act regulates the safety and labelling of food, drugs, and medical devices, and is not applicable to disposable propane cylinders.

Question 20

Consumers are protected against deficient product performance by legislation that

Accepted Answer

The answer of Consumers are protected against deficient product performance...

Quiz 27: Interests in Land