NABTEB QUESTIONS

Explain FIVE laws that protect the consumers. – NABTEB QUESTION

(i) Sales of goods act: This law states the right and duties of both buyer and sellers.

(ii) Usury laws: These are laws that fix the rate of interest that may be charged on loans.

(iii) Hire Purchase Act: This sets out the rights and duties of the hire purchaser from cheating and exploitation.

(iv) The price Control Decree: This pegs the selling prices of some goods. The provisions of law protest the consumer from paying exorbitant prices for certain goods

(v) Food and Drugs Act: This act forbids the adulteration and misbranding of food and drugs sold in Nigeria. The food and Drugs department of the federal ministry of health ensures that the objectives of the law are achieved.

Sunday

Share
Published by
Sunday
Tags: NABTEB

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago