business law

business law

Paper instructions:
1. Using any advertisement(s) that you have seen on the Internet, give one example of what might be

considered “Deception” in advertising or a “Failure to disclose transaction terms”. Discuss your

example with reference the principles mentioned in the Text 2. Mike is a sole proprietor and he sells used

tractors. He has never extended credit in the past 10 years that he has been in business. He now makes

a “one-time” exception and sells one tractor to a landscape business for $10,000.00, with 10% down and

the remaining payments at 8% simple interest. Two months into the contract, the buyer of the tractor

defaults on the loan. Is Mike covered by the requirements of the Fair Debt Collection Practices Act

(FDCPA) when he alone takes measures to try and collect the debt? See the text and FDCPA area before

you answer. Answer yes or no and then explain why or why not. (One paragraph please) 3. What are the

duties of Consumer Reporting Agencies / Credit Bureaus under the Fair Credit Reporting Act (FCRA)? See

the text areas on FCRA. 4. What are some examples (provide three and discuss briefly) of Forbidden

Practices under the Fair Debt Collection Practices Act (FDCPA)? See the text on FDCPA.

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