What is Consumer Law?
Consumer law safeguards individuals in the marketplace by establishing rules for fair interactions. It ensures safe products, honest advertising, and clear information about what's being sold.
Additionally, it empowers consumers with rights regarding defective goods, unfair contracts, and responsible debt collection practices.
From a company's view, consumer law sets the rules for interacting with customers. It ensures fairness and transparency in areas like product safety, advertising, and contracts. Following these rules helps avoid legal issues, builds trust, and improves customer experience. However, navigating the complexities can be challenging, and legal guidance may be needed.