The _____, authorized by the 2010 Dodd-Frank Wall Street Reform and Consumer
Protection Act, is charged with writing and enforcing rules covering consumer financial
products and services including mortgages, credit cards, payday loans, loan servicing,
check cashing, debt collection, and others.
A. Consumer Product Safety Commission
B. Consumer Financial Protection Bureau
C. American Federation of Labor
D. Bureau of Public Debt
Jude purchases a vacuum cleaner that is advertised as having certain distinctive
cleaning properties. However, at the first use he realizes that the vacuum cleaner fails to
function as promoted. In the context of warranty, which of the following statements is
true?
A. There is a breach of implied warranty of fitness for a particular purpose.
B. There is a breach of implied warranty of merchantability.
C. There is a breach of express warranty.
D. There is a no breach of warranty as it is a case of puffing.