fcs 324 consumers who feel they may sometime need to hire a lawyer should quizlet

by Raphael Dach 4 min read

Why should I hire a consumer law attorney?

Dec 19, 2017 · Hiring a consumer law attorney will ensure your interests are protected as you file a variety of consumer complaints against a company. Consumer law involves regulations and statutes that create a safe marketplace for consumers. Both state and federal laws are involved in regulating consumer law. These laws include a wide range of topics ...

Do law firms have to notify clients when lawyers leave the firm?

T/F: The primary purpose of criminal law is to compensate a victim. False. T/F: Commission of the offense of grand larceny involves the theft of larger items as opposed to smaller items that can be hidden, for example, in a purse. False. T/F: Under our criminal laws that exist today, white-collar crime is not punishable by imprisonment.

Do lawyers have to inform clients of their upcoming move?

a.how many consumers feel a need for the brand's benefits. b.the brand's appropriateness to a large consumer segment. c.the brand's ability to stand out from competition. d.a combination of perceived quality and perceptions about the brand's popularity.

What is consumer law and why is it important?

Start studying FCS final. Learn vocabulary, terms, and more with flashcards, games, and other study tools. ... allows debtor to repay some of the debt they owe and in turn they get to keep most of their property. b)the debtors retain some assets and the debts has to be paid within 5-7 years. ... allows the consumer to obtain a discount on the ...

What is an enrollment manager?

The enrollment manager establish es the optimum number of incoming freshman and transfer students to meet revenue targets. Lee is an enrollment manager at a private college and often must extend a greater number of scholarship offers in April for the upcoming fall semester pending the number of confirmed enrollments.

What does American Eagle sell?

The American Eagle stores sell lifestyle clothing for men and women that's trendy and comfortable and are typically located in shopping malls. The typical customer is a teen or young adult who wears casual clothing such as jeans, t-shirts, or the occasional dress shirt.

What is due on sale clause?

A Due-On-Sale clause is a form of acceleration clause that requires the borrower to pay off the entire mortgage debt when the property is sold. A Subordination clause is an agreement to reduce the priority of an existing loan to a new loan that will be recorded in the future.

What is a lender's policy?

A lender's policy is issued for the benefit of the mortgage lender and any future holder of the loan. It protects the lender against the same defects as the owner is protected from, plus some other defects, but the insurer's liability is limited to the loan balance as of the date a claim is made.

How long is a fixed rate mortgage?

Fixed rate mortgages are available for 30 years, 20 years, 15 years and even 10 years. There are also "biweekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, the borrower makes 26 payments, or 13 "months" worth, every year.)

What is the prime rate?

What the bank charges to the borrowers is known as the prime rate, otherwise described as the rate the bank charges to its best or "prime" customers. The higher the discount rate the Fed charges to the bank, the higher the prime rate will be and the higher the rate the bank will charge to its customers.

What does "everything a person owns" mean?

The term estate means "everything a person owns - all assets , whether real property or personal property, and liabilities. ". The term real estate means the land and everything permanently affixed to it that is owned as part of a person's estate.

How long does it take to get a loan approved?

Loan approval from a conventional lender can take 30 days or less, while approval on a government-backed loan seldom, if ever, can be done in less than 30 days. Conventional loans typically have fewer forms and processing can be more flexible than government-backed loans.

What happens to a life estate after death?

Upon the owner's death, reverts to the original transferor, his or her heirs or some other designee. Can be mortgaged, leased or sold during the holder's lifetime. The value and marketability of a life estate can be severely restricted because of the uncertainty of its duration. Leasehold Estates.

What is the purpose of criminal law?

The primary purpose of criminal law is to compensate a victim . The purpose of criminal law is to punish an offender for causing harm to public health, safety, or morals. Commission of the offense of grand larceny involves the theft of larger items as opposed to smaller items that can be hidden, for example, in a purse.

Who is Sally from Big Name Cosmetics?

Sally is the vice president at Big Name Cosmetics company. She learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about ...

Is grand larceny a felony?

Grand larceny involves items of greater value; thus, it is a felony and carries more severe penalties than does petty larce ny.

Do law firms have to notify clients of a departing lawyer?

Law firms have an ethical obligation not to impose notification requirements on departing lawyers that would thwart client choice of counsel or prohibit departing lawyers from providing diligent representation to clients during transition periods, according to the opinion.

What are the ethical obligations of lawyers?

Lawyers who leave their firms and their departing firms have ethical obligations toward the clients of the departing lawyers. These include the duty of communication and the responsibility to enact reasonable notification periods for lawyers who are leaving their firms. Furthermore, law firms cannot restrict departing lawyers’ access to files ...

Can a law firm divide up clients?

The opinion emphasizes that clients determine who will represent them, not anyone else. “Law firms and lawyers may not divide up clients when a law firm dissolves or a lawyer transitions to another firm,” the opinion states. This means that when a departing lawyer was a client’s primary attorney, firms should not assign new lawyers ...

What is the role of law firm management in Model Rule 5.1?

The opinion emphasizes that law firm management has obligations under Model Rule 5.1 to establish “reasonable procedures and policies to assure the ethical transition of client matters when lawyers elect to change firms.”

Where to report a scam?

If you were scammed, report it to the FTC at ReportFraud.ftc.gov.

What to do if you are scammed?

What To Do if You Were Scammed. Find out what to do if you paid someone you think is a scammer, gave them some personal information , or if they have access to your phone or computer. If You Paid a Scammer. If You Gave a Scammer Your Personal Information. If a Scammer Has Access to Your Computer or Phone. Report a Scam to the FTC.