LSEB CH 26 QUESTIONS AND ANSWERS 100% VERIFIED

Chase received a magazine in the mail that he did not order. He was surprised, but read

and enjoyed the magazine. A month later, another copy arrived, along with a bill for $25

to cover the subscription. Which of the following applies to this situation? - ANSWER

Chase does not have to pay for the magazine, even if the company continues to send it

to him

Ron's Furnace Repair advertised it would inspect any homeowner's furnace for free.

Janet had Ron's come to inspect her furnace. The servicewoman dismantled the entire

furnace then refused to put it back together unless Janet paid her $250. The FTC

considers such a practice to be:

a.) an unfair practice

b.) a deceptive practice

c.) an act that violates public policy

d.) all of these are correct - ANSWER d.) all of these are correct

Under the Fair Debt Collection Practices Act, a collection company is legally permitted

to - ANSWER visit the debtor at work if the consumer's employer permits such contact

Under the TILA, a qualified mortgage (QM): - ANSWER limits all of a borrower's debt to

43 percent of his or her income.

Under FTC rules, when a customer legally cancels a door-to-door sales contract, the

seller must return the buyer's money within - ANSWER 10 days

"Bait and Switch" is - ANSWER advertising certain goods and then pressuring the

customer to buy different, more expensive goods

Under the Truth in Lending Act, a lender must disclose all of the following except: