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According to the Indian Consumer Protection Act, 1986, a person who buys any goods or services for a consideration which has been paid or promised or partly paid and partly promised or under any system of deferred payment is a consumer. A person who obtains such goods for resale or for any commercial purposes will not be a consumer. However, if such goods are bought by a person exclusively for the purpose of
According to the Indian Consumer Protection Act, 1986, a person who buys any goods or services for a consideration which has been paid or promised or partly paid and partly promised or under any system of deferred payment is a consumer. A person who obtains such goods for resale or for any commercial purposes will not be a consumer. However, if such goods are bought by a person exclusively for the purpose of
- gift-giving
- personal use (correct)
- investment
- donation
What does the term 'consumer' include?
What does the term 'consumer' include?
- Individuals who create goods and services
- Individuals who sell goods and services
- Individuals who regulate goods and services
- Individuals who buy goods and services (correct)
Who can be considered a consumer?
Who can be considered a consumer?
- Someone who consumes goods and services (correct)
- Someone who sells goods and services
- Someone who produces goods and services
- Someone who imports goods and services
What is the main purpose of the Indian Consumer Protection Act, 1986?
What is the main purpose of the Indian Consumer Protection Act, 1986?
Who is not considered a consumer under the Indian Consumer Protection Act, 1986?
Who is not considered a consumer under the Indian Consumer Protection Act, 1986?
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Study Notes
Definition of a Consumer
- A consumer is a person who buys goods or services for a consideration, which has been paid or promised or partly paid and partly promised, or under any system of deferred payment.
Who Can Be Considered a Consumer?
- A person who buys goods or services for personal use or self-consumption.
Who Is Not Considered a Consumer?
- A person who buys goods for resale or for any commercial purposes.
Purpose of the Indian Consumer Protection Act, 1986
- Not mentioned in the provided text.
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