1. Consumer Ed Review Game

2. JEOPARDY!
Credit
Contracts
Warranties
Investment
Housing
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
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500

3. 100
Credit is a contractual agreement in which a ________ receives something of value now and agrees to repay the __________ at some date in the future, generally with interest.
Borrower; Lender

4. 200
Your credit score may be used to determine your eligibility to do these things.
Apply for a car/home loan; Rent an apartment; Purchase a cell phone

5. 300 This could cause the APR on your credit card to go up to 30%
Paying bills late, missing a payment, spending over the card’s limit, paying an amount less than the minimum

6. 400
Although one should usually avoid credit cards with annual fees, this is an exception to the rule.
Valuable; rewards program; rewards points; trying to repair bad credit

7. 500
Although predatory lending practices can lead to ruined credit, unmanageable debt and even homelessness for borrowers, these practice are generally ________ according to the courts.
legal

8. 100
A contract is an agreement between two or more people to exchange something of value creating obligations that are enforceable by _______.
Law

9. 200 These are the three essential elements of a contract.
Offer, Acceptance, Consideration

10. 300 Name one situation where a contract becomes invalid
Minors, Drunk/Drugs, Mental handicap

11. 400 When must a contract be written?
$500 or more; land contracts, loan contracts

12. 500
This is the name for a contract that is so unfair that courts will not uphold them
Unconscionable Contract 12

13. 100
A warranty is a promise or guarantee made by the seller about the _________ of goods which details what the seller will do to remedy the situation if a problem with the goods occurs
Quality

14. 200 An “express warranty” can be expressed in these ways.
Written, Verbal/Oral, Demonstration

15. 300
This is an unwritten/unstated promise that a product will perform as it is supposed to.
Implied Warranty

16. 400
This is a type of express warranty that covers SOME defects in a product, but not all.
Limited Warranty

17. 500
If you purchase an item from another person you should be able to assume the item belonged to them because of this implied warranty.
Warranty of Title

18. 100
When you purchase one of these, you are essentially loaning money to a corporation or to the government for a certain period of time, called a term. This certificate promises the corporation or government will repay you on a specific date with a fixed rate of interest.
Bond 24

19. 200
A portion of ownership in a corporation that represents a claim on part of the corporation's assets and earnings, but also shares the risk if the company fails.
Stock
45. What are the names of the other two major gods of Hinduism?

20. 300 This is an example of an asset Cash, stocks, bonds, property, etc.9

21. Complete the formula ________ -Age: Percentage of Stocks
400
Complete the formula ________ -Age: Percentage of Stocks
100

22. 500
This is the name for retirement savings plans that are funded by your employer.
401K

23. 100
This is what one calls a lease that specifies that the tenant agrees to live in the apartment for a full year.
Tenancy for years 11

24. 200
When a tenant lives in an apartment, but hasn’t signed a lease this is called:
Tenancy-at-will 5

25. 300
A tenant should always do these two things before renting an apartment
Inspect the Premises and thoroughly read the lease

26. 400 This is the only time when a tenant can stop paying rent
Breach of implied warranty of habitability

27. 500
The landlord has a legal duty to ensure that no tenant unreasonably disturbs other tenants in the building with excessive _________.
Noise