Consumer Quiz (1 Viewer)

[goan_crazy]

Heres some questions my teacher gave us the other day
i typed them up
its good 4 revision

CONSUMER QUIZ:
1. Define consumer:

2. Explain the terms caveat emptor and caveat venidor


3. List 4 statutes regulating marketing & advertising:

4. List 4 examples of deceptive practices:

5. What is a “cooling off” period?


6. What precedent was made in the following cases:
a) Donoghue V. Stevenson

b) Taco Bell

c) Gardam V. Wills


7. What is an implied term? Where are they found?


8. What has led to the increase in consumer government regulation?


9. What does the Sale of Goods Act cover?

 

[goan_crazy]

My answers:

CONSUMER QUIZ:
1. Define consumer:
A consumer is a person who purchases goods or services to satisfy their needs & wants. Usually under $40 000 for personal use-as defined by the Trade Practices Act.

2. Explain the terms caveat emptor and caveat venidor [/B]
Caveat Emptor-“let the buyer beware”. It means that a customer should be cautious and alert to the possibility of being cheated
Caveat Venidor-“let the seller beware”

3. List 4 statutes regulating marketing & advertising:
Sales of Goods Act 1923 NSW
Motor Dealers Act 1974 NSW
Trade Practices Act 1974 (Cth)
Fair Trading Act 1997 NSW

4. List 4 examples of deceptive practices:-
-Pyramid selling
-Bait and switch advertising
-Referral selling
-Misleading & deceptive advertising
-Unsolicited goods

5. What is a “cooling off” period?
A cooling off period is a time in which consumers may change their mind without breaking a contract.
Egs include insurance, door to door sales, housing

6. What precedent was made in the following cases:
a) Donoghue V. Stevenson
The manufacturer had a duty of care for the final customer

b) Taco Bell
Deceptive and misleading advertising-It had the same name as another company. Did not want consumer to be mislead.

c) Gardam V. Wills
Clothing labeling deceptive-styled to reduce fire danger but should have been high fire danger-warning

7. What is an implied term? Where are they found?
Implied terms are parts of a contract that are not explicitly stated by the parties, but which are presumed to be in all consumer contracts.

8. What has led to the increase in consumer government regulation?
Deceptive practices, mass production, moving from laissez faire, globalisation, technology, e-commerce, greater consumer choice.

9. What does the Sale of Goods Act cover?
Give 3 examples of protection it gives to the consumer.
Sales of goods refers to the sales of items not land. I.e. it does not cover services.
-Goods must match description
-Goods must be of merchantable quality
-State of sample-the bulk of the goods must correspond with the sample.

 

[_Bushra_]

I loved consumers, hated crime and am presently hating world order

*sigh*