Consumer - Law Dictionary Search Results
Excise
In inland duty or impost operating as an indirect tax on the consumer levied upon certain specified articles as tobacco ale spirits etc grown or manufactured in the country It is
value-added tax
the performance of a service, or the production and distribution of a commodity with each payer except the consumer reimbursed from payment at the next stage called also VAT
truth-in-lending act
truth-in-lending act A federal act assuring that every individual who has need for consumer credit is given full disclosure of the terms and cost of the credit. (15 U.S.C. Sec. 1601) Source:
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trade dress
and there is likelihood of confusion as to the source of the product on the part of the consumer if a competing product has a similar trade dress.
statement of intention
statement of intention A declaration made by a chapter 7 debtor concerning plans for dealing with consumer debts that are secured by property of the estate. Source: Administrative Office of the U.S. Courts
Buyer
(2001) 3 SCC 593. [Income-tax Act (43 of 1961), s. 206(c)] Means any generating company or licensee or consumer whose system receives electricity from the system of generating company or licensee, Central Electricity Authority (Installation and Operation
sale
ap·prov·al : a conditional sale whose completion depends on acceptance of the goods by a buyer (as a consumer) receiving them primarily for use with the option to return them if they do not meet his or
risk-utility test
a test used in product liability cases to determine whether a manufacturer is liable for injury to a consumer because the risk of danger created by the product's design outweighs the benefits of the design
risk
Commercial Code"] [the of personal injury and property damage should be placed with the manufacturer rather than the consumer "Case & Comment"] 2 a : the chance of loss to the subject matter of an insurance contract
pyramid
2 : to increase the impact of (as a tax assessed at the production level) on the ultimate consumer by treating as a cost subject to markup adj : of, relating to, or being an illegal scheme
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