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Chapter 13 Consumer Purchasing and Protection

AB
down paymenta portion of the total cost of an item that must be paid at the time of purchase
impulse buyingpurchasing items on the spur of the moment
open datinglabeling method that indicates the freshness, or shlf life, of a perishable product such as milk
unit datingsssssss
unit pricingthe use of a standard unit of measurement to compare the prices of packages that are different sizes
rebateis a partial refund of the price of a product.
warrantya written guarantee from the manufacturer or distributor that staes the conditions under which the product can be returned, replaced, or repaired
service contracta separately purchased agreement by the manufacturer or distributor to cover the costs of repaining the item.
frauddishonest business practices that are meant to deceive, trick, or gain an unfair advantage
mediationthe attempt by a neutral third party to resolve a conflict between a customer and a business through discussion and negotiation
arbitrationa process whereby a conflict between a customer and a business is resolved by an impartial third party whose decision is legally binding.
samll claims courta court that deals with legal disputes that involve amounts below a certain limit.
class-action suita legal action on behalf of all the people who have suffered the same injustice
legal aid societya network of community law offices that provide free or low-cost legal assistance
approachmeth to buying goods and services
transactionswhen a purchase or trade is made for a product or service
documenta file with information
eligiblewhen a offer falls within acceptable dates


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