IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 9 NO. 2 2023
DOI: https://doi.org/10.56201/jbae.v9.no2.2023.pg23.31

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Explicating Critical Terminologies in Consumer Protection

Ifunanya Amasiatu, Ph.D, Nancy Amadi-Harry, Ph.D, Remi Chukwudi Okeke, Ph.D (Corresponding Author)

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Abstract

Consumer protection is a paramount concern in today's complex marketplace, where consumers encounter a wide array of products and services with varying degrees of information and quality. This article aims to provide a comprehensive analytical framework for clarifying critical terminologies central to the domain of consumer protection. Recognizing the significance of clear definitions in promoting effective regulatory measures, the study undertakes a systematic analysis of key terms, concepts, and their interconnections. The paper offers a nuanced perspective on critical terminologies in consumer protection, emphasizing the necessity of precise definitions for the development of effective policies and regulations. By shedding light on the evolving nature of these terms and their relevance in modern consumption scenarios, the study contributes to the ongoing discourse on safeguarding consumer rights and enhancing market integrity.

keywords:

Consumer; Consumerism; Contract; Essence of Contract; Sanctity of Contract

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References:

1) Garner, op. cit., p. 335.

2) Henry Campbell Black M. A.; 6th ed. (St. Paul, Minn. West Publishing Co.,
1990) p. 316 quoted in Monye, op. cit., p. 15.

3) O. Ajai, “Caveat Venditori Consumer Protection Decree No. 66 of 1992 arrives
in the Market Place” (1992/1993), Nigerian Current Law Review, p. 23 at 26.

4) G. O. S. Amadi, “Consumerism in Nigeria”, in F. N. Monye (ed.),
Hygienic Processing and Packaging of Bakery Products (Enugu: Chenglo Ltd.,
2003), pp. 1 – 12 at 6.

5) Ibid.

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