Which of the following statements is true of the Federal Trade Commission Act (FTC
Act)?
A) It can sue only in state courts to obtain compensation on behalf of consumers.
B) It usually cannot enforce a cease-and-desist order in any case of violation.
C) Section 5 of the FTC Act excludes monitoring of firms indulging in any consumer
malpractice.
D) It has been used extensively to regulate business conduct.
Corey in a desperate need to get to the airport decides to take his neighbor Tanner’s
help. Tanner agrees to help and drives Corey to the airport. Upon arrival at the airport,
Corey promises to pay Tanner $25 for the gas fill. Which of the following conditions
would have made the contract between Corey and Tanner enforceable?
A) if Tanner had driven Corey to the airport in the past
B) if Corey, upon arrival, had promised to pay gas money to Tanner whenever he could
C) if the promise to pay gas money had been made before the trip was made
D) if Tanner was contracted to drive Corey to the airport as a duty
________ is a form of co-ownership that includes the right of survivorship as well the
right of tenants to unilaterally transfer their interest without the consent of co-tenants.
A) Tenancy in common