Questions: is the consumer right that is protected by a federal fraud law. A. Unfair business practices B. Product safety C. Credit card protection D. Purchase satisfaction
Transcript text: is the consumer right that is protected by a federal fraud law. A. Unfair business practices B. Product safety C. Credit card protection D. Purchase satisfaction
Solution
Answer
The answer is C. Credit card protection
Explanation
Option A: Unfair business practices
While federal laws do address unfair business practices, they are not specifically categorized under federal fraud laws. These practices are often regulated by the Federal Trade Commission (FTC) under different statutes.
Option B: Product safety
Product safety is generally governed by laws such as the Consumer Product Safety Act, which is not specifically a fraud law. It focuses on ensuring that products meet safety standards to protect consumers from harm.
Option C: Credit card protection
Federal fraud laws, such as the Fair Credit Billing Act, provide specific protections for consumers against fraudulent credit card charges. This law allows consumers to dispute unauthorized charges and limits their liability for fraudulent transactions.
Option D: Purchase satisfaction
Purchase satisfaction is not directly protected by federal fraud laws. While there are consumer protection laws that may address issues related to product quality or satisfaction, they are not specifically categorized as fraud laws.