Which of the Following Statements Regarding Cold Canvassing Is Most

question 94

Multiple Choice

Which of the following statements regarding cold canvassing is most accurate?

• A)Currently,there are no federal regulations regarding cold canvassing.
• B)Generally,only 1 in 100 cold canvass calls results in a sale,so it is only effective for costly items.
• C)Cold calling is the most common type of sales prospecting in Asia and Latin America.
• D)About 75 percent of U.S.consumers consider cold canvassing an intrusion on their privacy.
• E)The Telephone Consumer Protection Act not only protects citizens,it ensures the rights of telemarketers to call anyone listed in a public directory,whether they choose to be called or not.

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Definitions:

Ratification

The formal approval or confirmation of an act, agreement, or treaty by those who are parties to it.

Unauthorized Signature

An unauthorized signature is one made without the express or implied permission of the person whose name is signed, rendering the agreement or document potentially invalid.

Fictitious Payee Rule

A legal principle that states if a negotiable instrument is made payable to a fictitious person, the entity that neglects to verify the authenticity of the payee can be held liable for any resulting loss.

Imposter Rule

A rule which holds that if one party obtains a negotiable instrument by impersonating another party and endorses it with the impersonated party’s signature, the loss falls on the drawer of the instrument.