A Consumer May Recover Under a State Consumer-Fraud Statute, Even

question 70

True/False

A consumer may recover under a state consumer-fraud statute, even if he or she has not suffered actual damages proximately caused by a deceptive act.

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Definitions:

Advertising Brochure

A promotional document designed to introduce, explain, and market a company's products or services to potential buyers.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a designated person.

Recording Process

The recording process in accounting involves chronologically documenting the financial transactions of a business to ensure accurate financial reporting.

Credit Balances

The amount of money a company owes to its creditors, often shown as liabilities on the balance sheet.