Laws | Scams | People in Wills | Consumerism | Bonus Questions |
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What is constitutional Law?
Laws dictating how we rule our country based on the constitution; interpreted by the judicial branch
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What is a pyramid scheme?
Job offer with initial fee to get in and the job is to get others involved in the company
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What is a beneficiary?
A person who derives advantage from something, especially a trust, will, or life insurance policy
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What is the Food and Drug Administration's Mission?
To protect the public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices; and by ensuring the safety of our nation's food supply, cosmetics, and products that emit radiation.
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What is marriage?
Legal union between two people becoming each others’ spouses
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What is statutory Law?
Laws run by the state; are subject to change
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What are grandparent scams?
Scams that target elderly claiming to be a relative in order to get money
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What is a testator?
A person who has made a will or given a legacy
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What is Better Business Bureau's Mission?
To be the leader in advancing marketplace trust
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What is divorce?
Court action terminating a marriage
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What is criminal Law?
Wrongs done to you by society; violence
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What are investment scams?
Scams that convince people to invest money in something that doesn’t exist
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What is an executor?
A person or institution appointed by a testator to carry out the terms of their will
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What is purpose of the Consumer Product Safety Commission?
Protecting the public from unreasonable risks of serious injury or death from thousands of types of consumer products under the agency's jurisdiction.
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What is the Federal Trade Commission?
An agency that protects consumers and competition by preventing anti competitive, deceptive, and unfair business practices
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What is business law?
laws specific to business situations and transactions
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What are lottery scams?
Con artist will tell you that you have won the lottery and must pay a down payment to receive your prize that doesn’t exist
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What is a successor?
A person who takes an inventory of your assets, pays your final bills, sells assets as needed, has your final tax return prepared, and distributes your assets according to the instructions in your trust
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What are the requirements in the Truth in Leading Act?
Creditors who deal with consumers to make certain written disclosures concerning finances
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What is the Better Business Bureau?
A bureau whose mission is to be the leader in advancing marketplace trust by setting standards, educating consumers and businesses, and calling out bad marketplace behavior
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What is Administrative Law?
Rules and regulations from an agency
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What is Card skimming?
A scam in which someone will use a magnetic strip and swipe someone's credit card to steal their information.
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What is a custodian?
The person named to manage property inherited by a minor
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What is the Environmental Protection Agency?
To protect human health and the environment
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What is a class action lawsuit?
A lawsuit in which a large group of individuals with something specific that they are suing together
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