Quiz show commercial law
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Quiz show commercial law

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    Quiz show commercial law Quiz show commercial law Presentation Transcript

    • Donna M. Kesot, CPCU February 27, 2013
    • Match the Act to what it regulates: Sherman Act Warranties Clayton Act Unfair Trade Practices FCT Act Anti-TrustMcCarran-Ferguson Act Mergers Mangnuson-Moss Act Insurance by States
    • Unilateral or bilateral contractSale on ApprovalSale on ReturnAuction Sales
    • FOB (free on board) Place of Shipment meansThe seller delivers goods to the carrier at theseller’s risk & expense, ownership transfersto the buyer when the goods are delivered. TRUE or FALSE?
    • • Written documents that allow parties to pay at a distant or future time
    • • Cash or near cash assets that a principal pledges to secure credit, a loan or other obligation
    • Property on paper is a form of collateral
    • Creation of a security interest in property
    • A legally enforceable agreement in which abuyer and seller transfer, or agree totransfer, ownership of property forconsideration.
    • Which are foreclosure DefaultRights? Right to sell the collateral & dispose of it as desired Right to regain possession Right to sue on the underlying debt Right to strict foreclosure All of the Above
    • Match the Act to what it regulates: Trust in Lending Act Chapters 7, 13Fair Credit Reporting Act Bank Debit CardsElectronic Fund Transfer Act Terms & Interest Equal Credit Opp Act Consumer Report’g AgencyFederal Bankruptcy Act Disclose Rejection Reason