Consumers Rights Legal Terms Glossary
A Comprehensive Guide to Understanding Consumer Rights Terminology
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- Bait and switchBait and switch is a deceptive marketing tactic advertising low prices to lure customers, but promoting higher-priced goods instead.
- ConsumerAn individual or household that acquires goods and services, primarily for personal, family, or household purposes, rather than for commercial resale
- Consumer ProtectionThe laws, regulations, and practices designed to safeguard the rights and interests of consumers, prevent deceptive or abusive business practices, and ensure fair trade.
- Cooling-Off PeriodA legally mandated time frame during which a consumer has the right to cancel a purchase or contract without penalty.
- False AdvertisingIntentionally making false or misleading statements about a product or service in advertising or marketing materials.
- Lemon LawsA statute that provides remedies for consumers who purchase defective vehicles, typically allowing for a refund or replacement.