Consumer Contract Law

1. The Consumer Act of the Philippines or Republic Act No.?

Designed to prevent unfair or one-sided agreements

The purpose of Consumer Contracts is to___________ and make the contracts more understandable for the reader.

generally thought to have more knowledge about business and trades

Consumer Contract law prevent prices that are considered_____________ to protect buyers from unfair pricing

what clause was banned because it is harmful to consumers

a contract where the buyer requires to pay full of the remaining balance if they miss a payment

1. when did the Consumer Act of the Philippines or R.A 7394 was Amended?

Parties are usually free to agree on any terms and rules.

Republic Act No. 7394 or