Difference between revisions of "Glossary for Consumer Law Essentials"
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; | ;Acceptance: A promise or act indicating a willingness to be bound by the terms in an offer. | ||
;contract: | ;Breach of contract:If a party does not do what they said they would in a contract. | ||
; | ;Condition: An essential term in a contract; a term that is so important that without it one or other of the parties would not enter into the contract. | ||
; | ;Consideration: Something of value that is given or paid by a party to a contract. | ||
; | ;Consumer: A person who buys goods or services. | ||
; | ;Contract: A legally recognized agreement made between two or more people. | ||
; | ;Cooling-off period: A period of time after signing a contract during which the buyer can change their mind for any reason and cancel the contract for a full refund. | ||
; | ;Counteroffer: A response to an offer that makes any material change in the terms of the offer. | ||
; | ;Damages: Compensation paid to a person for loss or injury. | ||
; | ;Direct sales contract: A contract that is entered into in person at a place other than the seller’s permanent place of business. | ||
; | ;Goods: Things that are bought. Goods are also called “products”. | ||
; | ;Legal warranty: A level of quality, performance and durability that the law implies into every contract. | ||
; | ;Mediator: A person who helps people resolve conflict by finding their own solutions to their problems. | ||
; | ;Offer: An expression of willingness to contract on certain terms. | ||
; | ;Party :A person directly involved in a contract. | ||
; | ;Term: Any provision in a contract. | ||
; | ;Warranty: A promise a seller makes about the quality of the goods or services sold and what the seller will do if there are problems. | ||
{{REVIEWED | reviewer = [[People's Law School]], | |||
{{REVIEWED | reviewer = [[People's Law School]], 2017}} | |||
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__NOGLOSSARY__ | |||
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