Law Chapter 17 Vocab

improper business practice involving luring buyers with an understocked, low-priced good only to sell them a more profitable one

• unfair trade practice
• privity of contract
• cease-and-desist order
• bait and switch

warranty requiring that the goods fit the ordinary purposes for which goods are used

• puffing
• restitution
• warranty of merchantability
• class action

let the buyer beware

• caveat venditor
• caveat emptor
• express warranty
• lottery

statement about the product's qualities or performance that the seller assures the buyer is true

• warranty
• limited warranty
• class action
• false and misleading advertising

let the seller beware

• lottery
• full warranty
• caveat venditor
• caveat emptor

dishonest, fraudulent, or anticompetitive business method

• false and misleading advertising
• disclaimer
• privity of contract
• unfair trade practice

governmental order requiring that certain improper conduct be stopped

• consent order
• cease-and-desist order
• consumer
• warranty

restoring or making good a loss

• restitution
• warranty of merchantability
• lottery
• limited warranty

court procedure allowing a party to bring suit on his or her behalf and for those similarly situated

• class action
• unfair trade practice
• caveat emptor
• full warranty

greatly exaggerated sales talk

• privity of contract
• puffing
• disclaimer
• consumer