The concept of protecting the consumer implicitly assumes that the commercial purchaser is better able to take care of itself and does not require any kind of safeguards.

Question

Quizplus · Accepted Answer

The concept of consumer protection is based on the assumption that individual consumers are at a disadvantage compared to businesses in terms of information, resources, and bargaining power, and thus require safeguards that commercial purchasers, who are deemed more knowledgeable and capable, do not.

The Concept of Protecting the Consumer Implicitly Assumes That the Commercial