E&C – Module 3 Quiz – Brown & Brown Dealer Services

Which of the following best describes “material” information under FTC guidance?

Information that only matters after the contract is signed.
Information that is likely to affect a reasonable consumer’s decision.
Information that may be disclosed verbally after the sale.
Information that applies only to financing disclosures.

One of the FTC’s enforcement priorities is ensuring that advertised pricing is transparent and truthful. Which of these are examples of illegal pricing practices:

Advertising a price that does not reflect all required fees
Advertising a price that reflects rebates or discounts not available to all consumers
Conditioning the advertised price on consumers using dealer financing
Requiring consumers to buy additional items not reflected in the advertised price
All of the above

Even after the CARS Rule was vacated, Section 5 of the FTC Act still applies to auto dealers and prohibits unfair or deceptive acts or practices.

True
False

Compliance with federal UDAP law always guarantees compliance with every state UDAP law.

True
False

E&C – Module 3 Quiz

E&C – Module 3 Quiz

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