Glossary for Consumer Law Essentials: Difference between revisions

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{{Consumer Law Guide TOC}}
{{Consumer Law Wikibook TOC}}
*'''Consumer:''' you are a consumer when you buy a product or a service
*'''Consumer:''' you are a consumer when you buy a product or a service


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*'''Warranty:''' a promise made by the company that sells you the item about how long it will last and what it will do
*'''Warranty:''' a promise made by the company that sells you the item about how long it will last and what it will do


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{{Consumer Law Wikibook Navbox}}

Revision as of 07:15, 15 March 2013

  • Consumer: you are a consumer when you buy a product or a service
  • Contract: an agreement between two or more people to do something
  • Creditor: person who is owed an amount of money
  • Debt: an amount of money a person may owe
  • Debtor: person who owes money
  • Expense: money spent on something
  • Goods: something you buy (same as “purchases” and “product”)
  • Income: money received by you
  • Lien: a legal right that someone has on property because they provided some material or service to the property
  • Mediator: a person who is trained to help people solve their problems and reach an agreement
  • Small Claims Court: a court that manages claims for amounts of money up to $25,000
  • Warranty: a promise made by the company that sells you the item about how long it will last and what it will do