A statement that the ethics of exchange between buyers and sellers, including the rights to safety, to be informed, to choose, and to be heard, is referred to as the
A)Lanham Act.
B)Fair Practices Act.
C)Caveat Emptor Decree.
D)Consumer Bill of Rights.
E)Customer Consent Decree.

Question

Quizplus · Accepted Answer

The statement refers to the concept of Consumer Bill of Rights, which was introduced by President Kennedy in 1962. It outlines the basic rights that consumers have when engaging in market transactions, including the right to safety, to be informed, to choose, and to be heard. The Lanham Act is a federal law that governs trademark registration and regulation. The Fair Practices Act and the Customer Consent Decree are not recognized legal terms, and the Caveat Emptor Decree is an outdated principle that refers to "buyer beware" approach to marketplace transactions.

A Statement That the Ethics of Exchange Between Buyers and Sellers