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Exam Revison (Illegal things to do in a business (Misleading or deceptive…
Exam Revison
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Consumer Rights & Laws
Agreements must be fair. Language that is written must be easily understandable. Should not include anything that the seller can change without letting the customer know.
In any deal or transaction, the consumer has the right to ask for a receipt. It is compulsory to have a receipt if the transaction is over $75.
A business with a no refunds sigh are breaking the law. Of the product does not work for its initial purpose a refund must be offered to the buyer.
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Consumers and Producers
Producers are people who make the goods and services. These people rely on the consumers, to buy these goods & services.
Consumers are people who buy the good & services that producers make. They also rely on producers to make them goods and provide them services.
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Door-to-door salespeople are not allowed to visit you: on Sundays or public holidays. before 9am or after 6pm on weekdays. Must leave if requested by the consumer. The salesperson must not come or contact the person for atleast 30 days.
Financial Intermediary: An institution that receive deposits and use the money to lend out to others
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