Federal and State Laws Essay - Essay Prowess

Federal and State Laws Essay

Federal and State Laws Essay

Business Law

Federal and state laws are formulated to ensure honesty and fairness prevail in the market place. Sellers have no authority to take undue advantage of willing buyers while on the other hand; buyers are not permitted under law to back out of a concluded sale without justifiable reasons. Consumer protection laws are part of the larger law of contracts which accord both sellers and buyers definite rights in the market place. The buyer’s right to return goods purchased or rescind on transactions is dependent on state legislation on consumer protection laws.

In the case of the Presley’s against Electric Avenue, Ikea and PT, the courts have to consider the issues raised by Priscilla. For Ikea, the courts have to determine the state of the chair and whether it was being used in the prescribed manner. For PT, there is no case to answer as the contract

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