Consumer protection

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    and required a replacement refrigerator twice. The issue being taken to the courts were whether or not the customer had the right to refund for a refrigerator that had been faulty. Under the act of the Australian Consumer Law it found three offences that the retailer may well have been in breach of, the three breaches found under the Australian Consumer Law were sections 18, 29(m) and…

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    The purpose of this paper is to describe the reason and intent behind The Dodd-Frank Wall Street Reform and Consumer Protection Act. “The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal law that places regulation of the financial industry in the hands of the government” (techtarget.com, 2017, para, 1). This paper aims to describe what led to its existence, the protections and concerns it sought to address, and the exceptions where its limitations could be…

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    So, honesty in advertising is a key role under the business competition environment. It can bring a good influence to consumers, sellers and society. Therefore, advertisers had a good behavior is very important that to maintain business ethics and the value of honesty in advertising. Because honesty in advertising can makes consumers get correct information and professional knowledge about their products and services. In the contrary, sometime, advertising can also bring a bad influence to…

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    when it’s your turn. Similarly it is important for person’s to wait in their turn when in line, they do not favor cutting in line. Australians value their environment and do not like litter. These little customs are important to know and remember when conducting business in their country. Analyze how economics, government and law would impact your business if your business would expand globally. There are several environmental factors that affect marketing of Disney brand products and…

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    In a socioeconomic system of free enterprise such as the system found in the United States, the legal issues surrounding product liability are very unique and need to be examined carefully. Businesses are highly susceptible to the claims of product liability because their products must be safe for consumer usage, creating the structure of a successful market system. This market works because businesses can compete for market share with the consumers through product quality, but it also fails…

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    Dodd-Frank Act Summary

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    The current legislation of the Dodd-Frank Wall Street Reform and Consumer Protection Act consists of multi-layered regulations for financial stability of institutions, consumer protection, oversight protocols, and liquidation authorities (U.S. Securities and Exchange Commission, 2017). Embedded in this lengthy reform act are conditions for transfers of power and amendment rights that basically give the authorized entities the empowerment to shape certain attributes of the financial system if it…

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    Australian Consumer Law

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    The Australian Consumer Law (ACL), common law and equity play essential roles in enforcing the appropriate standards of conduct in contractual dealings in Australia. The ACL is consumer protection legislation that sets the appropriate standard of conduct required in commercial dealings of trade or commerce. Common law and equity ensure appropriate standards are adhered to in all transactions not covered by this legislation. Common law is also important in interpreting some of the broader…

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    In the modern capitalistic society of Australia’s economy, businesses have predominantly more power over their marketplace counterpart, consumers (general members of society), as such the government finds it relatively necessary to enforce legal regulations to ordain the environment. Cambridge Dictionary defines a “necessary evil” as something unpleasant that must be accepted in order to achieve a particular result. Evidently, the major issue that is of concern is whether such relevant…

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    Dodd Frank Act

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    Frank Act (Fully known as the Dodd- Frank Street Reform and Consumer Protection Act) aims to prevent a significant financial crisis by creating new financial regulatory process that enforces transparency – financial security. Com. In the wake of the financial crisis, congress came with found resolutions to prevent further derailing of the economy. However, as congress deliberate it in finding forms to tight regulations and add protectionist to consumers. They come out with a resolution that…

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    of being conspicuously wasteful. Key Debates Surrounding Sharing Economy Despite its positive reception worldwide, the sharing economy is not without its controversy. From illegal practices in some jurisdictions to creating employees that do not pay taxes, world governments and the corporate world are trying to come up with new laws to regulate this fast growing economy. For instance, one of the paradoxes surrounding the sharing economy is: Is it really a sharing economy if people have to pay…

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