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Declaration of Basic Policy. Pursuant to Chapter III, Title V of R.A. 7394 (Consumer Act of the Philippines): ¾Investigation may commence (1)upon petition or (2)upon letter-complaint from any consumer ¾That, upon finding of a prima facieviolation, concerned department may motu proprioor ¾Upon verified complaint commence formal administrative action against any person This page features the full text of Republic Act No. The Financial Consumer Protection Department: Our Vision .

You also have the responsibility to be fair and deal with problems quickly. Consumers are safeguarded by a set of globally recognized protections known as the Consumer Bill of Rights. Art.

Your Rights . The Eight Basic Consumer Rights in the Philippines The Eight Basic Consumer Rights The Right to Basic Needs The first consumer right is THE RIGHT TO BASIC NEEDS which guarantee survival, adequate food, clothing, shelter, health care, education and sanitation.

ARTICLE 3. Consumer Rights is an insight into what rights consumer holds when it comes to seller which provide the goods. If the duties are not taken care of the consumer might be questioned for ignorance. Article 2. Udemy Editor . – This Act shall be known as the "Consumer Act of the Philippines." 7394) was passed in 1992. No. One must remember that consumer duties and responsibilities must be followed with due honesty so that justice can be achieved. Article 1. 7394 THE CONSUMER ACT OF THE PHILIPPINES TITLE I GENERAL PROVISIONS.


Share this article . 2. Introduced by President John F. Kennedy, these rights laid the foundation for consumerism and legislation that shield consumers from corporate abuse.

ARTICLE 2.
Declaration of Basic Policy – It is the policy of the State to protect the interests of the consumer, promote his general welfare and to establish standards of conduct for business and industry. What if the goods provided to the consumer by the business is not up to the standard?

The right to live and work in an environment which is neither threatening nor dangerous, and which permits a life of dignity and well-being. The eight basic consumer rights 1. The Right to a Healthy Environment. ... c. provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer; d. provision of adequate rights and means of redress; and e. involvement of consumer representatives in the formulation of social and economic policies. REPUBLIC ACT NO. This right covers all products, but its original aim was to eradicate misleading information in the areas of financing, advertising, labeling, and packaging. The Eight Basic Consumer Rights Philippine Daily Inquirer / 04:33 PM May 21, 2011 1 Right to Basic Needs, which guarantees survival, adequate food, clothing, shelter, health care, education and sanitation. Our Mission. 8 Consumer Rights and Responsibilities: How to Be Protected. The Right to Be Informed: Here, it is the company’s responsibility to provide accurate and truthful information so that the consumer is able to make intelligent and informed choices. As a consumer, you have the right to expect the marketplace to be fair. Introduced by President John F. Kennedy, these rights laid the foundation for consumerism and legislation that shield consumers from corporate abuse.

With this right, consumers can look forward to the availability of basic and prime commodities at affordable prices and good quality. Consumer protection is a constitutional mandate.

Consumer Rights and Responsibilities. What are my consumer rights and responsibilities? Chances are, you’ve returned at least one product before in your life – perhaps it was defective in some way, or was given to you as a gift, and didn’t fit, or maybe it wasn’t quite what you expected. Short Title. FCPD brings together engaged financial stakeholders in a responsive environment that protects the interests of consumers and nurtures a sense of responsibility for both the service provider and the consumer in the context of promoting financial stability.

Article XVI, Section 9 declares: “The State shall protect consumers from trade malpractices and from substandard or hazardous products.” It was in this light that the Consumer Act of the Philippines (Republic Act. Consumers are safeguarded by a set of globally recognized protections known as the Consumer Bill of Rights. Jun 19, 2020 - SHORT ANSWER TYPE QUESTIONS - Consumer Rights | EduRev Notes is made by best teachers of Class 10. Then in that case – what should a consumer do? Consumer rights and duties should be understood properly as it makes easy for the seller as well as the consumer to attain satisfaction. In Ontario, most consumer transactions are governed by laws to protect you and the business offering the good or service. Short Title - This act shall be known as the "Consumer Act of the Philippines". of the Chan Robles Virtual Law Library.


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