Laura Walsh Owed $560 to a Local Department Store

question 80

Essay

Laura Walsh owed $560 to a local department store.The debt was assigned to a collection agency.The agency did the following: (a)used a postcard to contact Laura and summarize her debt,(b)called her at 7 AM to catch her before she left for work,(c)called her in spite of Laura's requests to stop,(d)contacted her employer about the debt,(e)contacted her at the hospital as she visited her ill mother.Are any of the actions improper?

Identify the conditions under which sellers are in breach of implied warranties.

Understand the role of the Magnuson-Moss Warranty Act and its administering body.

Understand the legal recourse available when purchasing stolen goods.

Recognize the legal requirements for fulfilling sales contracts accurately.

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Definitions:

Cross-elasticity of Demand

A measure indicating how the demand for one good responds to a change in the price of another good.

Popcorn

A type of corn kernel which expands and puffs up when heated, commonly enjoyed as a snack.

Potato Chips

Thin slices of potato that are fried or baked until crispy and often flavored.

Income Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in consumers' income.