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Ch. 15 Consumer Protection. Caveat Emptor = Buyer Beware Caveat Venditor = Seller Beware Consumer = user of goods for: -Personal -Family -Household.

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Presentation on theme: "Ch. 15 Consumer Protection. Caveat Emptor = Buyer Beware Caveat Venditor = Seller Beware Consumer = user of goods for: -Personal -Family -Household."— Presentation transcript:

1 Ch. 15 Consumer Protection

2 Caveat Emptor = Buyer Beware Caveat Venditor = Seller Beware Consumer = user of goods for: -Personal -Family -Household

3 Consumer Protection Litigation Government Licensing Unsafe Product Enforcement False/Misleading Advertisement

4 Litigation Torts/Negligence Strict Liability Class Action Law Suits Used for Intended Purpose –Anticipated use

5 Gov’t Licensing Unfair Pricing and Service –Assumption of risk –Comparative negligence Mislabeled Warnings/Labels

6 Unsafe Product Enforcement Cease and Desist Restitution Recall

7 False and Misleading Ads Knowing untrue facts –“Puffing” Bait and Switch –Rain Check Badge Engineering Unfair Trade (free trade competition)

8 Unfair Trade Price Fixing Anti Trust Mislabeling (failure to warn) “New” but used…

9 Protection FDA CPSC (Fed) Weights and Measures Warranty –Implied –Limited –Expressed Oral or Written


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