Consumer Protection Flashcards
1
Q
Durability
A
Assurance that an equipment or material will have a relatively long continuous useful life.
2
Q
Monopoly
A
Market structure characterized by a single seller. The seller faces no competition.
3
Q
Red tape
A
Regulations to prevent actions or decisions making.
4
Q
Sales of Good Act
A
Requires goods to be described of satisfactory quality and fit for purpose.
5
Q
Trade description Act
A
An offense for a trader to make false or misleading statements about goods or services.
