Consumer Rights

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/7

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

8 Terms

1
New cards
Consumerism, three ideas

Consumers are empowered to make informed choices and that products be safe, Government passing laws to protect consumers, Leveling the playing field to prevent consumers from being victimized

2
New cards
Caveat emptor
Let the buyer beware
3
New cards
Information disclosure
Must disclose accurate and complete information to allow consumers to make informed and rational decisions
4
New cards
Product safety
Rely on government regulations, testing, and warnings on products
5
New cards
Tension
cost-benefit
6
New cards
FTC
regulates unfair or deceptive advertising
7
New cards
FTC Deceptive if
Misrepresentation or omission, Likely to mislead consumer
8
New cards
Lanham Act (TM law)
allows competitors to sue