Ch. 15 Consumer Protection
Caveat Emptor = Buyer Beware Caveat Venditor = Seller Beware Consumer = user of goods for: -Personal -Family -Household
Consumer Protection Litigation Government Licensing Unsafe Product Enforcement False/Misleading Advertisement
Litigation Torts/Negligence Strict Liability Class Action Law Suits Used for Intended Purpose –Anticipated use
Gov’t Licensing Unfair Pricing and Service –Assumption of risk –Comparative negligence Mislabeled Warnings/Labels
Unsafe Product Enforcement Cease and Desist Restitution Recall
False and Misleading Ads Knowing untrue facts –“Puffing” Bait and Switch –Rain Check Badge Engineering Unfair Trade (free trade competition)
Unfair Trade Price Fixing Anti Trust Mislabeling (failure to warn) “New” but used…
Protection FDA CPSC (Fed) Weights and Measures Warranty –Implied –Limited –Expressed Oral or Written