The Federal Trade Commission Act

The Presidential Encouragement Act

Consumers Need Act

Protect Consumers Safety Act

Chapter 13

Chapter 11

Chapter 7

To keep the watch and eventually sell it unless all debts are paid. 

Return the watch to you and seek a mechanics lien. 

To keep the watch until the debt is paid, but never to sell the watch. 

Negligence per se, and breach of implied warranty

Negligence, strict product liability, and breach of warranty

Negligence per se and Negligence

To relieve debtors of all debt and to give banks an opportunity to recoup losses

To clear state dockets of creditor claims and to help debtors receive a fresh start financially

Provide protection to creditors and provide opportunities to debtors to gain a fresh financial start. 

There was a breach of the representation and the breach was the defendant's fault. 

The representation was the basis of the bargain and the breach was the defendant's fault

The representation was the basis of the bargain and there was a breach of the representation.

There was a breach of the representation and the defendant's negligence caused the injury.

A Bankruptcy Estate

Residual Estate

A Trust

Remainder Estate

Lienholder

Debtor

Bondsman

Creditor

Product Misuse

Assumption of Risk 

Comparative Fault 

Misapplication