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1.5 Understanding external influences on business
Legislation and Business
Quality and Consumer rights
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Cards (17)
What is the purpose of legislation in business?
To regulate
businesses
and protect
consumers
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What does consumer law protect consumers from?
Poor-quality
products and dishonest
practices
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What are the two main pieces of legislation for consumer rights in the UK?
The
Consumer Rights Act
(2015) and Consumer Protection Act (
1987
)
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What does the Consumer Rights Act (2015) cover?
Transactions
between
sellers
and
buyers
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What must goods be described as according to the Consumer Rights Act?
Accurately
,
fit for purpose
, and
satisfactory quality
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What is a 'good' in consumer law?
A
product
that can be
touched
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What are the minimum standards for services under consumer law?
Care, skill, binding information, reasonable time, reasonable price
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What is the time frame for returning a product for a full refund?
30 days
of taking
ownership
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What happens if a fault develops within the first six months?
The fault is presumed to be present at
ownership
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What must a consumer do after 30 days if a product is faulty?
Give the business one chance to
repair
or replace
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What is the delivery time frame for goods?
Usually within
30
days
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What does the Consumer Protection Act (1987) ensure?
Products are safe and businesses are
liable
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Who is considered a producer under the Consumer Protection Act?
An
individual
or
company
putting
their
name
on a
product
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What right does the Consumer Protection Act give to individuals?
The right to claim against
producers
for damage
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What are the key principles of consumer law regarding goods and services?
Goods
must be accurately described
Goods must be fit for purpose
Goods must be of satisfactory quality
Services
must be provided with
reasonable
care and skill
Services must be provided in a
reasonable
time
Services must be provided for a reasonable price
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What are the consumer rights regarding returns and refunds?
Full refund within
30 days
for
faulty
products
Presumption of fault
within the
first six months
One opportunity for
repair
or
replacement
after 30 days
Right to cancel
purchase if delivery fails within 30 days
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How do the Consumer Rights Act and Consumer Protection Act differ in focus?
Consumer Rights Act: Focuses on
transactions
and
product quality
Consumer Protection Act: Focuses on
product safety
and
producer liability
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