Most Deceptive Advertising Cases Are Settled By

question 117

Multiple Choice

Most deceptive advertising cases are settled by:

• A) the advertiser agreeing to stop making false claims
• B) the advertiser paying a fine and continuing to make false claims
• C) lengthy and expensive court cases
• D) the advertiser going to jail
• E) none of the other choices are correct

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Definitions:

Collateral

Assets or property offered as security for a loan, to be forfeited in the event of default.

Perfected Purchase

A legal status in property law where the buyer obtains the rights to the property free from any prior claims or liens.

Money Security Interest

A legal claim or lien on collateral (such as cash or deposit accounts) provided by a debtor to secure a loan or other credit, ensuring the lender has a priority claim over the funds in the case of default.

Chattel Paper

A legal term referring to a document or electronic record that evidences both a monetary obligation and a security interest in a tangible good or a lease.