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Hire purchase (HP) agreement is governed by consumer law. It is an agreement between individual (consumer of product) and a bank (or a financial entity) that is arranged by the vendor (seller or shopkeeper of that product). The factual inte...
Risk Management on Tort Risk. The video on the product liability revealed that risks arising from defective products that could not be determined in the light of current scientific and technical knowledge. No fault can be charged to the pr...
quality. The eventual use of the item is possible, and that there is no complication in identifying faults prior to its approval. The item is not likely to damage the government or its image if it turns out to be defected. The second factor...
not in the habit of placing upon their contracts stipulations to which they do not attach some value and importance’ Lord Cairns in Bowes v Shand [1877] 2 AC 433. Under an arrival contract, the buyer is bound to pay the price only if actua...
lemon law protection. Court cases have concluded that an effective lemon law should reduce the inconvenience and frustration that a consumer faces in a lawsuit. They should provide a method of achieving satisfaction directly from the manufa...
statement that declares the seller is not intended to honor all or some implied warranties. Where, an implied warranty is the promise by which a seller can be bound even in case he seller didn’t make an explicit promise statement (Schneide...
Lemon Laws Introduction A purchaser of a car expects that the car will be free of material defects. Lemon laws have been enacted by all 50 states and the District of Columbia to protect such purchasers when their newly purchased vehicle exp...