WHAT ARE THE LAWS THAT PROTECT CONSUMERS?
Consumer protection laws
are a form of government regulation that aim to protectthe
rights of consumers. For example, a government may require
businesses to disclose detailed information about
products particularly in areas where safety or public
health is an issue, such as food.
WHY IS CONSUMER
PROTECTION IMPORTANT?
The laws are designed to
prevent businesses that engage in fraud or specified
unfair practices from gaining an advantage over
competitors; they may also provide additional protection
for the weak and those unable to take care of themselves.
WHAT DOES CONSUMER PROTECTION MEAN?
Consumer protection law -
Legal Definition. n. A state or federal law designed to
protect consumers against improperly described, damaged,
faulty, and dangerous goods and services as well as from
unfair trade and credit practices.
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