Of the Following Pieces of Legislation Intended to Protect the Consumer

question 24

Multiple Choice

Of the following pieces of legislation intended to protect the consumer, which was the earliest:

• A) Hazardous Products Act
• B) Motor Vehicle Safety Act
• C) Food and Drug Act
• D) Textile Labelling Act
• E) National Trademark and True Labelling Act

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Definitions:

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.