The Consumer Protection Act Law Commercial Essay.
A very crucial objective of the conceptualisation and existence of consumer rights is to ensure that consumers have an assured food supply, safe and permanent dwellings, basic amenities of life like sanitation and potable water, and power supply.
Selected consumer rights. 5402 words (22 pages) Essay in Law.. Broomfield, 2007:53, states “The most important Act dealing with consumers and credit is the Consumer Credit Act 1974.” The main aim of the Act was to regulate the formation, terms and enforcement of credit and hire purchase agreements.. S29 and S30 regarding delivery of.
Intro and Importance of Consumer Protection Gone are the days of “Caveat Emptor” now it is “Consumer is King”. There are no dearth of sellers who wish to fulfil all of the consumer’s demands, and cannot afford to alienate consumers with bad service or products.
The Consumer Protection Act, 1986 The Act enshrines all the consumers’ rights which are internationally accepted. As per the Act, the consumer protection councils have been established at Central, State and District levels to promote and protect the consumer rights.
Under the Consumer Rights Act you have a legal right to reject goods that are of unsatisfactory quality, unfit for purpose or not as described, and get a full refund - as long as you do this quickly. This right is limited to 30 days from the date you take ownership of your product.
In this essay we will discuss about the need for consumer protection. Consumer protection was not necessary when the world was younger and communities smaller. In the lifestyle of those times unfair trade was almost impossible. The industrial revolution and a shift of population from rural areas to towns and anonymity of urban living gave plenty of scope for malpractices.
Out of the various laws that have been enforced to protect the consumer rights in India, the most important is the Consumer Protection Act, 1986. According to this law, everybody, including individuals, a firm, a Hindu undivided family and a company, have the right to exercise their consumer rights for the purchase of goods and services made by them.