I would think that it isn't, because if it were it would most likely say "genuine leather," action leather is probably synthetic/modified, or something of that nature.
Yes, it gets that name from the chromium compounds are used in the tanning process. Many countries have banned the use of hexavalent chromium in this process because of the adverse health effects.
No bonded leather is not real leather. It is made from scraps of leather that are ground up and stuck together with some form of latex. Generally speaking it cannot be sold as real leatherHope this...