Which of the Following Statements Is True for Consumer Product

question 10

Multiple Choice

Which of the following statements is true for Consumer Product Safety Act (CPSA) of 1972?

• A)This act can regulate consumer products but does not have the power to ban any products.
• B)The Consumer Product Safety Commission created by it is the main federal agency concerned with product safety.
• C)Its authority covers products such as motor vehicles and equipment,firearms,aircraft,boats,drugs,cosmetics,and food products.
• D)It cannot bring suit in federal district court to eliminate the dangers presented by imminently hazardous consumer products.

---

Definitions:

Deposit Forfeiture

A legal or contractual process wherein a deposit made as part of a transaction is lost due to non-compliance with the terms of the agreement.

Exemption Clause

A contractual term that limits or excludes one party's liability for certain breaches, circumstances, or events.

Fundamental Obligation

An essential or core duty that is imposed by law, contract, or moral imperative, critical to the framework within which it exists.

Breach of Condition

A violation of a specific condition set forth in a contract, which may entitle the non-breaching party to terminate the contract and seek damages.