What is Consumer Law?
Consumer Law is the legal field whose primary jurisdictional responsibility is the regulation, oversight, and review of any and all actions undertaken on a commercial basis involving interaction between consumers and vendors. Within the legal spectrum of consumer law, the two primary classifications exist in the form of ‘Consumer’ and ‘Vendor’; individuals or entities named a consumers are defined as parties undertaking the purchase or patronization of goods and services offered within the setting of the commercial market.
Types of Consumer Law
Within the setting of Consumer Law, two primary classifications of legislation exist; these are defined as legality protecting the rights of the consumer, as well as the regulation of ethical commerce. Although these two classifications may share certain similarities, legal precepts and tenets innate to these genres of consumer law address different ideology and methodology existing within the Commercial Market:
Consumer Law and Consumer Rights
The engagement of an individual or entity within the Commercial market allows a consumer the agency to purchase products or services in a fair and legal fashion; consumer rights provide legislation disallowing any prospective fraudulent or exploitative measures undertaken by vendors; as per the development of Consumer Law, statutes have been enacted and adjusted in order to ensure that the commercial market within a country or nation provides a setting for legally-sound commerce:
Product Liability is a field within Consumer Law that provides for both the financial protection, as well as the health and wellbeing of consumers engaging within the commercial market; the instrument of product liability provides an agreement that products or services will operate and function in the fashion advertised contingent on proper usage – this field of Consumer Law protects consumers from injustices ranging from financial loss to personal injury
Warranties are instruments that purchased by consumers in an indirect fashion in tandem with the purchase of an individual product or service; within the setting of consumer law, a warranty is provided by commercial vendors in order to substantiate the viability and integrity of a product or service available for purchase – a warranty ensures that products or services purchases will be refunded, fixed, or replaced in the event that they fail undertake a reasonable life span of operation
Consumer Law and Ethical Commerce
Ethical Commerce is an ideology that is regulated, required, and overseen by institutions responsible for the administration of Consumer Law; Ethical Commerce is defined as statutory regulations of the commercial market in order to prohibit any or all commercial practices considered to be unethical or in direct violation of a fair and free market economy:
False Advertising, which is a classification of fraud that exists within the realm of Consumer Law is defined as the misrepresentation of products or services offered resulting in the defrauding of a consumer; however, within the nature of a false advertising charge, the notion of intent accounts for an expressed and purposeful action undertaken in order to commit fraud – however, regardless of intent, a vendor accused of false advertising will be expected to furnish financial restitution to the victims of that crime