Chapter 15 Flashcards
Consumers united to demand fair treatment from businesses
Consumer movement
When consumers are given false information in an effort to make a sale
Fraud
A promise by the manufacturer dealer usually written in writing that a product is of a certain quality
Guarantee
They guarantee made orally or in writing and promises a specific quality of performance
Express warranty
A guarantee that is imposed by law and is understood to apply even though it has not been stated
Implied warranty
Involves the use of a third-party who tries to resolve the complaint between the consumer in the business
Mediation
Results in the decision that is legally
Arbitration
A legal action by one party on behalf of a group of people who all have the same grievance
Class action suit
The opposite of spending time and effort is buying too quickly
Impulse buying