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A Smart Consumer |
Tuesday, 05 January 2010 08:25 |
The term ‘Caveat Emptor’ means ‘buyers beware’ and the term ‘Caveat Venditor’ means ‘sellers beware’. When there were only a few laws protecting consumers, consumers were asked to beware when purchasing goods and services. Now that there are more laws protecting consumers, sellers have to beware as consumers can bring claims against them by going to the Consumer Claims Tribunal. However, to be a smart consumer and to protect themselves, consumers can use their common sense when making purchases. Usually, it is not wise to buy something in haste without thinking through especially when the item happens to be expensive. The following tips are useful:
- obtain information about the product they plan to buy - obtain information about the service they plan to buy - compare prices of goods and services - compare quality of goods and services - understand terms and conditions of the sale. - speak out if they are given poor quality goods and services - take action if they feel they have been cheated |
Last Updated on Tuesday, 05 January 2010 08:34 |