1. Purchase and Sale of goods A Contract Terms and Conditions of Sale Forms of Credit Hire Purchase Consumer Protection Means of Consumer Protection

2. A Contract Contract:  an agreement between two or more people  legally-binding  can be a written or verbal agreement

3. Terms and Conditions of Sale Implied Terms ( 默示條款 ) Express Terms ( 明示條款 )

4. Implied Terms: 1)Caveat emptor ( 購者自慎 ) 2) Quite possession ( 不受干擾 用權 ) 3) Third party ownership ( 第三者擁有權 ) 4) Merchantable quality ( 可銷售品質 )

5. Express Terms: 1) Price: Free Alongside Ship (FAS) Price of the goods + Packaging cost + Cost of delivering goods to the port of departure Charges for loading goods onto a ship Cost of delivering goods to the port of destination Cost of insurance in transportation Free on Board (FOB) Cost and Freight (C&F) Cost, Insurance and Freight (CIF)

6. 2) Quality 3) Quantity 4) Payment  Cash Before Delivery (CBD)  Cash With Order (CWO)  Cash On Delivery (COD)  trade discount  cash discount 5) Warranty 6) Delivery

7. Forms of Credit Hire purchase ( 租購 ) “an agreement by which customer takes a possession of goods but does not own them until repayments are completed” Credit sales ( 賒銷 ) “a transaction in which the buyer owns the goods when the first payment is made” Conditional sales ( 有條件銷售 ) “a contract for the sale of goods, paid for by instalments, and which the buyer is legally bound to buy”

8. Hire Purchase Advantages Disadvantages Buyer Seller Economy Rights and obligations of buyer and seller

9. Consumer Protection Rights of a Consumer right to buy the products that work right to safety right to choose right to be informed right to to be heard

10.  Know their rights  Caveat emptor  Understand and read the contract before signing  Read and follow the instructions  Choose carefully  Be aware of the result of consumption Responsibilities of a Consumer

11. Means of Consumer Protection Government Consumer Council