1. Donna M. Kesot, CPCU
February 27, 2013

2. Match the Act to what it regulates:
Sherman Act Warranties
Clayton Act Unfair Trade Practices
FCT Act Anti-Trust
McCarran-Ferguson Act Mergers
Mangnuson-Moss Act Insurance by States

3. Unilateral or bilateral contract
Sale on Approval
Sale on Return
Auction Sales

4. FOB (free on board) Place of Shipment means
The seller delivers goods to the carrier at the
seller’s risk & expense, ownership transfers
to the buyer when the goods are delivered.
TRUE or FALSE?

5. • Written documents that allow parties to pay at a distant
or future time

6. • Cash or near cash assets that a principal pledges to
secure credit, a loan or other obligation

7. Property on paper is a form of collateral

8. Creation of a security interest in property

9. A legally enforceable agreement in which a
buyer and seller transfer, or agree to
transfer, ownership of property for
consideration.

10. Which are foreclosure Default
Rights?
Right to sell the collateral & dispose of it as desired
Right to regain possession
Right to sue on the underlying debt
Right to strict foreclosure
All of the Above

11. Match the Act to what it regulates:
Trust in Lending Act Chapters 7, 13
Fair Credit Reporting Act Bank Debit Cards
Electronic Fund Transfer Act Terms & Interest
Equal Credit Opp Act Consumer Report’g Agency
Federal Bankruptcy Act Disclose Rejection Reason