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Consumer/Property Law Study Guide Law in Society.

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Presentation on theme: "Consumer/Property Law Study Guide Law in Society."— Presentation transcript:

1 Consumer/Property Law Study Guide Law in Society

2 Companies that run telemarketing scams often charge for their service through 900 numbers Abandoned Property – Property that has been discarded by the owner without the intent to reclaim ownership

3 Bait and Switch – Advertising a nonexistent bargain to lure customers and then selling the customers more expensive merchandise. Constructive Eviction – Occurs when a landlord who deprives a tenant of electricity.

4 Consumer Product Safety Act- This act protects you from unreasonable risk of injury while using consumer products that are sold in interstate commerce. Copyright – A right granted to an author, composer, photographer, or artist to exclusively publish and sell an artistic or literary work.

5 Donor – The person making a gift Equal Credit Opportunity Act – prevents credit issuers from discriminating against applicants because of gender, marital status, age, religion, race, national origin, or because they get public assistance income.

6 Fair Credit Billing Act – Establishes a procedure for the prompt handling of billing disputes Fair Credit Collection Practices Act – This act makes it illegal for debt collectors to threaten consumers.

7 Fair Credit Reporting Act – Helps you know the source of a credit report and to correct any wrong information in it. Fair Debt Collection Practices Act – Makes it illegal for debt collectors to threaten consumers with violence, to use obscene language, or to contact consumers at inconvenient times or places to collect debts

8 Federal Trade Commission Act – Protects a business from the wrongful acts of unfairly competing companies Fixture – This becomes part of the real property and may not be removed when it has been installed in such a way that removal would deface a room or building.

9 How many days do you have to cancel a contract made with a door to door salesman? days cooling off rule Intangible Personal Property – has no substance and cannot be touched.

10 Intellectual property examples: Patents Copyrights Trademarks Landlord – owns real property and rents it to someone.

11 Landlord duties – Refrain from discrimination, Maintain the premises Deliver peaceful possession Lease – The agreement that creates the landlord- tenant relationship

12 Lessee – A tenant under a lease of real property. Lessor – A landlord who leases real property to a tenant.

13 Misbranded – A food or drug with false or misleading labeling or packaging. Personal Property – Anything that can be owned other than real estate.

14 Product Liability The principle where manufacturers and sellers are accountable for injuries caused by unsafe or defective products Robinson-Patman Act – Sellers must treat all buyers equally.

15 Sublease – Those items of personal property brought on the land by the tenant that are necessary to carry on the trade or business to which the land will be devoted. Tenancy – An eviction that occurs when the landlord breaches his or her duties under the lease.

16 Tenancy at will – An interest in real property that continues for an indefinite period of time. Tenant Duties: Abide by the Terms of the Lease Avoid Waste Return Fixtures

17 Trademark – A distinctive mark, symbol, or slogan used by a business to identify them from products sold by others. Waste – Is anything beyond reasonable wear and tear to rental property.

18 The Landlord Who is responsible for the injuries caused by a defect in a common area? Example: Torn carpet

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