A | B |
Bait and switch | Advertising bargains that do not exist to lure customers to a store so that they will buy more expensive merchandise |
Caveat emptor | Latin phrase meaning let the buyer beware |
Caveat Venditor | Latin phrase meaning let the seller beware |
Cooling off rule | Provision that gives customers three business days to cancel contracts for most purchases made away from the sellers regular place of business |
Consumer | Someone who buys or leases goods, real estate, or services for personal, family, or house hold purposes |
Telemarketers | People who try to sell products by telephone |
Product liability | Manufacturers, sellers and suppliers of goods can be held responsible if a product proves to be unsafe and someone is injured |
Strict liability | An injury caused by an individual’s participation in an ultra-hazardous activity |
Adulterated | A food or drug that contains any substance that may make it harmful to the health of the consumer |
Intrastate sales | Sales that take place within a state |
Unfair and deceptive practice | An act that misleads consumers |
Fraudulent Misrepresentation | Any statement that deceives the buyer |
Cease and desist orders | Legally binding orders to stop a practice that would mislead the public |