Consumer Protection — Flashcards

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A consumer is any person who buys goods or hires services for a consideration, whether fully or partially paid, promised, or under deferred payment. It includes users of goods or beneficiaries of serv…

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'Caveat venditor' means 'Let the seller beware', which is the modern approach where sellers are responsible for product quality. Earlier, 'caveat emptor' or 'Let the buyer beware' placed the burden on…

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1. Sale of adulterated goods (e.g., mixing water in milk).<br>2. Selling spurious or fake products.<br>3. Use of false weights and measures.<br>4. Misleading advertisements.<br>5. Charging above MRP.<…

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1. Consumers are often ignorant of their rights.<br>2. They are unorganised and lack strong representation.<br>3. Widespread exploitation through unsafe products, false ads, and black marketing requir…

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1. Long-term business success depends on customer satisfaction.<br>2. Businesses use society’s resources and must serve public interest.<br>3. They have social responsibility and moral duty.<br>4. Avo…

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The Right to Safety means protection against goods and services that are hazardous to life and property. For example, electrical appliances should meet safety standards like ISI mark to prevent accide…

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Consumers have the right to know the quality, quantity, purity, price, and standard of goods or services. This helps them make informed choices and avoid being misled by false advertising or hidden ch…

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It ensures access to a variety of goods and services at competitive prices. In case of monopolies (like electricity), it guarantees satisfactory quality and fair pricing even without competition.