Consumer Proctection Flashcards

1
Q

What does it mean to be a wise consumer?

A
Spend some save some
Buying cheap but high quality products 
Saving
Spending money on needs and necessities
Researching and checking the quality of items 
Finding deals and better prices
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2
Q

What does caveat emptor mean?

A

Let the buyer beware

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3
Q

What are the 5 main laws?

A
Fair Trading Act
Door to door sales act
Credit contracts act
Layby sales act
Consumer guarantees act
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4
Q

The consumer guarantees act stars that goods must be:

A
Fit for purpose
Acceptable quality
Have guarantee of title
Be a reasonable price
Match their description
Have spare parts or repair available
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