Business Studies, asked by swapnilgupta160, 10 months ago

whats is consumerism describe the rights of seller and buyers

Answers

Answered by tiger2625
10

In layman's term, whatever a person buys, he becomes the consumer and protecting his rights is known as consumerism. The buyer has the right to know all the details of the products and to examine the products. ... The buyer has the right to return the goods and also has it delivered to his/her place

Answered by shahidsulaiman03
2

Consumerism is the protection or promotion of the interests of consumers.

The rights of a seller:

1.To reserve the right of disposal of the goods until certain conditions are fulfilled.

2.To assume that the buyer has accepted the goods , where the buyer

(i) Conveys his acceptance;

(ii) Does an act adopting the sale; or

(iii) Retains the goods without giving a notice of rejection, beyond the specified date (or reasonable time), in a sale on approval.

3.To deliver the goods only when applied for by the buyer

4.To make delivery of the goods in installments, when so agreed

5.To exercise lien and retain possession of the goods, until payment of the price

6.To stop the goods in transit and resume possession of the goods, until payment of the price

7.To resell the goods under certain circumstances

8.To withhold delivery of the goods when the property in the goods has not passed to the buyer

9.To sue the buyer for price when the property in the goods has passed to the buyer or when the price is payment on a certain day, in terms of the contract, and the buyer fails to make the payment

The rights of the buyer:

1.It is the duty of the buyer to accept the goods and pay for them in accordance with the terms of the contract.

2. It is the duty of the buyer to apply for delivery.

3. The buyer has a right not to accept delivery of the goods by installments by the seller.

4. If the goods are sent by sea route by the seller, the buyer has a right to be informed by the seller so that he may get the goods insured.

5. The buyer has a right to examine the goods which he has not seen earlier before giving his acceptance for the same.

6. If the seller wrongfully refuses to deliver the goods to the buyer as per the contract, the buyer may sue the seller for damages for non delivery. The amount of damages will be the difference between the contract price and the market price of the goods.

7. If the buyer has already paid the price and the seller has not delivered the goods as per the contract, the buyer can recover the amount paid.

8. If the contract is for the sale of specific or ascertained goods, the buyer may sue the seller for the specific performance of the contract in case of breach of contract by the latter.

9. The buyer may sue the seller for damages for the breach of any implied warranty as per the provisions of this Act.

10. If the seller rejects the contract before the date of delivery, the buyer may either treat the contract as still existing and wait till the date of delivery or he may treat the contract as cancelled and sue the seller for damages for the breach. The second case is known as the anticipatory breach of contract.

11. If, in view of the breach of contract by the seller, the price has to be refunded to the buyer, the buyer has a right to claim interest on the amount.

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