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IMPORTANCE OF CONSUMER PROTECTION FROM
THE POINT OF VIEW OF BUSINESS
LONG TERM INTEREST OF BUSINESS
BUSINESS USES SOCIETY’S RESOURCES
SOCIAL RESPONSIBILITY
MORAL JUSTIFICATION
GOVERNMENT INTERVENTIONS
CONSUMER PROTECTION ACT,1986
 THIS ACT SEEKS TO PROTECT AND PROMOTE THE INTEREST OF
CONSUMERS. THE ACT PROVIDES SAFEGUARDS TO CONSUMERS
AGAINST DEFECTIVE GOODS, DEFICIENT SERVICE,UNFAIR TRADE
PRACTICES AND OTHER FORMS OF THEIR EXPLOITATIONS.IT
FUNCTIONS AS A THREE-TIER MACHINERY CONSISTING OF
DISTRICT FORUMS
STATE COMMISSIONS
NATIONAL COMMISSIONS
THE INDIAN CONTRACT ACT,1872
THE INDIAN CONTRACT ACT,1872 LAYS DOWN
THE CONDITIONS IN WHICH THE PROMISES
MADE BY PARTIES TO A CONTRACT WILL BE
BINDING ON EACH OTHER. THE ACT ALSO
SPECIFIES THE REMEDIES AVAILABLE TO PARTIES
IN CASE OF BREACH OF CONTRACT.
THE SALE OF GOODS ACT,1930
THE SALE OF GOODS ACT,1930 PROVIDES
SOME SAFEGUARDS AND RELIEFS TO THE
BUYERS OF THE GOODS IN CASE THE
GOODS PURCHASED DO NOT COMPLY
WITH EXPRESS OR IMPLIED CONDITIONS OR
WARRANTIES.
THE CONSUMER PROTECTION ACT,1986
THE INDIAN CONTRACT ACT,1872
THE SALE OF GOODS ACT,1930

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Lesson template 4

  • 1. IMPORTANCE OF CONSUMER PROTECTION FROM THE POINT OF VIEW OF BUSINESS LONG TERM INTEREST OF BUSINESS BUSINESS USES SOCIETY’S RESOURCES SOCIAL RESPONSIBILITY MORAL JUSTIFICATION GOVERNMENT INTERVENTIONS
  • 2. CONSUMER PROTECTION ACT,1986  THIS ACT SEEKS TO PROTECT AND PROMOTE THE INTEREST OF CONSUMERS. THE ACT PROVIDES SAFEGUARDS TO CONSUMERS AGAINST DEFECTIVE GOODS, DEFICIENT SERVICE,UNFAIR TRADE PRACTICES AND OTHER FORMS OF THEIR EXPLOITATIONS.IT FUNCTIONS AS A THREE-TIER MACHINERY CONSISTING OF DISTRICT FORUMS STATE COMMISSIONS NATIONAL COMMISSIONS
  • 3. THE INDIAN CONTRACT ACT,1872 THE INDIAN CONTRACT ACT,1872 LAYS DOWN THE CONDITIONS IN WHICH THE PROMISES MADE BY PARTIES TO A CONTRACT WILL BE BINDING ON EACH OTHER. THE ACT ALSO SPECIFIES THE REMEDIES AVAILABLE TO PARTIES IN CASE OF BREACH OF CONTRACT.
  • 4. THE SALE OF GOODS ACT,1930 THE SALE OF GOODS ACT,1930 PROVIDES SOME SAFEGUARDS AND RELIEFS TO THE BUYERS OF THE GOODS IN CASE THE GOODS PURCHASED DO NOT COMPLY WITH EXPRESS OR IMPLIED CONDITIONS OR WARRANTIES.
  • 5. THE CONSUMER PROTECTION ACT,1986 THE INDIAN CONTRACT ACT,1872 THE SALE OF GOODS ACT,1930