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WorksheetsBusiness Law: 3.04 - 4.01 Review
Total questions: 30
Worksheet time: 15mins
Janet stole money from several different checking accounts. She had to pay a $5,000 fine and spent five years in prison. Janet violated which act?
Federal Deposit Insurance Act
Electronic Funds Transfer Act
Thrift and Bank Fraud Act
Home Equity Loan Consumer Protection Act
Bart has no chance of getting out of debt and needs to liquidate all his belongings to pay creditors. Bart should file for which type of bankruptcy?
Chapter 7
Chapter 11
Chapter 12
Chapter 13
Vince is being threatened by his credit card company after falling behind in his payments. What law protects him against this concern?
Equal Credit Opportunity Act
Fair Credit Billing Act
Fair Credit Reporting Act
Fair Debt Collection Practices Act
What is the purpose of bankruptcy laws?
Give creditors an opportunity to recover from overwhelming debt
Give debtors an opportunity to recover from overwhelming debt
Pay selected creditors only
Pay only selected debtors
Craig returned a recently purchased stereo to Electronic Warehouse for a full refund. Last week Craig’s credit card bill still showed a charge for the purchase. What law could help Craig correct this error?
Disputed Charges Reform Act
Fair Credit Billing Act
Fair Credit Reporting Act
Federal Trade Commission Act
Catherine has $175,000 in an account at Bank of America. Which act protects her account if the bank fails?
Federal Deposit Insurance Act
Electronic Funds Transfer Act
Thrift and Bank Fraud Act
Home Equity Loan Consumer Protection Act
Chris received his Visa statement in the mail. He now understands how long it will take to pay off the balance if he only makes the minimum payment. Visa is complying with which act?
Credit Card Act of 2009
Usury law
Truth In Lending Act
Fair Credit Reporting Act
Mark’s credit report indicates non-payment of a credit card bill. Mark wants to correct this error. Which act was passed by Congress to assist Mark in correcting this dispute?
Disputed Charges Reform Act
Equal Credit Opportunity Act
Fair Credit Reporting Act
Fair Debt Collection Practices Act
Danielle applied for a position with the FBI. She has the right to know that they viewed her credit history while checking her background. This right is granted by which act?
Credit Card Act of 2009
Usury law
Truth In Lending Act
Fair Credit Reporting Act
Michelle obtained a letter from Nordstrom stating that her credit application had been approved. Michelle can spend up to $15,000 and the annual interest rate is 15.99%. Nordstrom followed which law?
Credit Card Act of 2009
Usury law
Truth In Lending Law
Fair Credit Reporting Act
Tammy obtained a loan with an interest rate of 39.99% from a bank. Which law did this financial institution violate?
Credit Card Act of 2009
Usury law
Truth In Lending Act
Fair Credit Reporting Act
Jason lost his credit card while on a recent trip. Which act will limit his liability?
Federal Deposit Insurance Act
Electronic Funds Transfer Act
Thrift and Bank Fraud Act
Home Equity Loan Consumer Protection Act
Jan’s landlord threatens to report unsubstantiated debts on her credit. What law protects Jan against this concern?
Equal Credit Opportunity Act
Fair Credit Billing Act
Fair Credit Reporting Act
Fair Debt Collections Act
VISA increased Jimmy’s interest rate from 10.99% to 15.99% without notifying him of this change in writing. Which law did VISA violate?
Credit Card Act of 2009
Usury law
Truth In Lending Act
Fair Credit Reporting Act
Joan is concerned she will be turned down for a loan because she is a single female. What law protects her against this concern?
Equal Credit Opportunity Act
Fair Credit Billing Act
Fair Credit Reporting Act
Fair Debt Collections Act
Kristin obtained a loan from a bank, but she never received a statement telling her repayment terms and the annual percentage rate. Which law did this financial institution violate?
Credit Card Act of 2009
Usury law
Truth In Lending Act
Fair Credit Reporting Act
After registering a trademark, what symbol should be placed by all protected marks?
R within a circle
RTS within a circle
S within a circle
T within a circle
After video taping an airplane crash, Allen wanted to protect his rights to the video. What type of protection did he apply for?
Copyright
Patent
Trade Secret
Trademark
The songwriter has a copyright on her latest hit. The song is known as what type of property?
Bailment
Intellectual
Personal
Tangible
Jon has invented a new traveling aid and wants to start selling it today. Jon has not received his paperwork from the government. What words should be placed on all the merchandise?
Copyrights filed
Invention rights coming
Patent pending
Trademark sent
A popular company uses the slogan, 'Just Do It.' What term identifies this slogan?
Copyright
Patent
Trade Secret
Trademark
NBA and NFL jerseys are sold with a distinctive mark. Which term identifies this mark on the jerseys?
Copyright
Patent
Trade Secret
Trademark
Thomas Edison invented the light bulb. What document protected this invention?
Copyright
Patent
Trade Secret
Trademark
Coca-Cola and McDonald’s have symbols that identify their company. What term is used to identify their symbols?
Copyright
Patent
Service Mark
Trademark
After finishing his first novel, where will Paul file his application to protect his new book?
U.S. Copyright Office
U.S. Patent Office
U.S. Trademark Office
U.S. Trade Secret Office
James protects his new invention by applying for which type of protection?
A Copyright
A Patent
A Trade Secret
A Trademark
John Grisham protects the rights to his book, The Firm, by filing which document?
Copyright
Patent
Trade Secret
Trademark
Which act establishes activities for recycling, source reduction, and sustainable agriculture, and helps to promote the conservation of energy, water, and natural resources?
Pollution Prevention Act
Energy Independence and Security Act
Energy Policy Act
Clean Water Act
Which agency controls the price of natural gas and electricity for interstate business transactions?
Environmental Protection Agency
Federal Energy Regulatory Commission
Nuclear Regulatory Commission
Department of Energy
Which agency manages all federal antipollution programs and handles air, solid waste, toxic substances, and pesticides?
Environmental Protection Agency
Federal Energy Regulatory Commission
Nuclear Regulatory Commission
Department of Energy
