Under Current Law,the Only Product Claims That Are Considered Deceptive

question 58

Multiple Choice

Under current law,the only product claims that are considered deceptive are those that:

• A) have messages about the social context in which the consumer can use the brand.
• B) can unjustifiably injure a consumer.
• C) violate public policy.
• D) have the potential to deceive or mislead reasonable people.
• E) exploit vulnerable groups.

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Definitions:

Security for a Loan

Collateral or assets pledged by a borrower to secure a loan, providing a lender assurance of repayment.

Blanket Liens

A security interest covering nearly all types of collateral owned by the debtor.

Compensating Balance

A minimum balance that must be maintained in a bank account, often required by banks in return for loans or as a condition for obtaining certain services.

Effective Annual Cost

This term refers to the total cost of borrowing on an annual basis, including interest and any fees, taking compounding into account.