Theory question 109
Consumer ProtectionCommerce 2 (answer any five questions)
Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement.
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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.
Each of the five points must name a reason and a matching law.