Which Statement Is Accurate in Its Description of Consumer Protection

question 1

Multiple Choice

Which statement is accurate in its description of consumer protection? ​

• A) The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.
• B) Statistics show that, in fact, safety regulations rarely succeed in increasing safety.
• C) Critics exaggerate the cost of safety regulations and product recalls.
• D) Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

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Definitions:

Delivery

The act of transferring something from one party to another, often referring to goods, but can also apply to the delivery of services or legal documents.

Liquidated Damages

Pre-determined damages agreed upon by parties in a contract, to be paid if one party breaches the contract.

Article 2A

A specific portion of the Uniform Commercial Code that governs leases of personal property.

Buyer's Remedies

Legal actions available to a buyer when a seller fails to fulfill their contractual obligations, including recovery of damages and cancellation of the contract.