WAEC Commerce 1997 Theory question 109

Theory question 109

Consumer Protection

Commerce 2 (answer any five questions)
Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement.

Show the model answer
Model answer

Any five reasons, each with a relevant law or agency: to protect consumers from fake, adulterated and harmful food and drugs – Food and Drugs Act/NAFDAC Act; to ensure goods meet quality standards – Standards Organisation of Nigeria Act; to prevent short measures – Weights and Measures Act; to prevent exploitation through high prices – Price Control Act; to prevent false or misleading descriptions and advertisements – Trade Descriptions Act/Advertising Practitioners Act; to protect buyers on credit from unfair terms and repossession – Hire Purchase Act; to give buyers rights where goods are faulty or not as described – Sale of Goods Act; to provide means of redress for complaints – Consumer Protection Council Act; to prevent monopolies and unfair trade practices – Restrictive Trade Practices legislation.

Explanation

Each of the five points must name a reason and a matching law.