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Criminal justice
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19
Criminal Justice
9th Grade
11/20/2013

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Cards

Term
consumer
Definition
is an individual who acquires goods that are intended primarlily for personal, family, or household use.
Term
caveat emptorĀ 
Definition
"let the buyer beware"
Term
caveat venditorĀ 
Definition
"let the seller beware"
Term
class actions
Definition
allows one or several persons to sue on behalf of themselves
Term
cease-and-desist order
Definition
this is an order requiring a company to stop the specified conduct
Term
consent order
Definition
is a voluntary court-enforcable agreement to stop an illegal or qustionable practice
Term
restitution
Definition
permits a party to a contract to reocver money or property
Term
unfair method of competiton
Definition
is any method of doing business that is characterized by bad faith, deception, fraud or a tendancy to inhibit or monopolize
Term
bait and switch
Definition
a customer is tricked to buy a more expensive product
Term
privity of contract
Definition
is the relationship that exists between or among contraction parties
Term
product liabilty
Definition
is a legal obligation stemming from the affxing of responsibilty to compensate buyers, users, and even those standing nearby for injuries caused by a defective product
Term
warranty
Definition
is an assurance given by one party to an agreement to the other of a fact upon which to offer more protection to injured plaintiffs and make them more able to recover
Term
express warranty
Definition
an explicity made assurance of quality, deception, or performance include in the written or oral terms of the sales agreement by the seller
Term
full warranty
Definition
an express warranty that obligates the seller to repair or to replace a defective product without cost to the buyer and within a reasonable time
Term
limited warranty
Definition
any warranty that provides less protection than a full warranty
Term
puffing
Definition
exaggrated sales talk
Term
implied warranty
Definition
an implicit warranty obligation imposed by law on all sellers
Term
warranty of merchantability
Definition
is an assurance that the goods are fit for the ordinary purposes for which such goods are used
Term
disclaimer
Definition
is a repudiation or renunciation of a right or power typically or legally vested in a person
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