Under the Digital Services Act (DSA), what obligations are imposed on service providers hosting third-party content in the EU?

• They must actively monitor and fact-check all information on their platform.

• They are required to automatically remove any reported content without investigation. (Notice & Take Down)

• Service providers must implement a notification mechanism for reporting illegal content. (Notice & Take Action)

• The DSA does not impose any obligations on service providers regarding content moderation.

The Digital Services Act (DSA) outlaws all forms of online deceptive practices in online user interfaces.

• TRUE

• FALSE

According to the Product Liability Directive (PLD), manufacturers are exempt from liability for damages caused by defective products if the defects were undiscoverable given the state of scientific and technical knowledge when the product was released.

• TRUE

• FALSE

• TRUE with exceptions

• FALSE with no exceptions

Under the Unfair Contract Terms Directive (UCTD), how might fairness be ensured in coded smart contracts?

• By prohibiting the use of smart contracts in consumer transactions

• By requiring only lawyers to write smart contract code

• By mandating a natural language version of the contract terms alongside the code

• By exempting smart contracts from fairness requirements

Under the Digital Services Act (DSA), what measures might social media platforms have regarding crypto asset promotions?

• Banning all crypto asset promotions

• Requiring platforms to guarantee returns on promoted crypto assets

• Treating crypto assets the same as any other product advertisement

• Implementing labels and warnings for consumers, in addition, to content moderation reports.

Under the Markets in Crypto-assets Regulation (MiCA), which of the following is a likely consumer protection measure for crypto asset service providers?

• Mandatory risk disclosures in clear, non-technical language

• Prohibiting all retail investors from purchasing crypto assets

• Guaranteeing returns on all crypto investments

• Requiring all crypto transactions to be approved by a central bank.

Smart contracts completely eliminate the risk of contract breaches.

• FALSE

• TRUE

Under the proposed AI Liability Directive (AILD), which of the following situations leads to a rebuttable presumption that the defendant breached their duty of care?

• The AI system malfunctions during normal use.

• The defendant fails to comply with a court order to disclose evidence.

• The claimant suffers only psychological harm, not physical injury.

• The AI system is not classified as a high-risk AI system (HRAIS).

How would you defined "algorithmic harm" in the context of consumer protection in digital markets?

What are the most valuable insights or key concepts you have gained from this course?