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Difficulty: EasyConsumer Protection: Rights of Consumers, Exploitation, and Redress Mechanisms

Under the Nigerian consumer protection legal framework established by the Federal Competition and Consumer Protection Commission (FCCPC), a consumer who buys a defective or substandard product has a statutory right to seek redress, which includes remedies such as repair, replacement, or a refund.

Answer: Answer

Answer

The statement is TRUE.
The statement is correct because consumer protection law explicitly safeguards buyers against market exploitation by providing enforceable redress mechanisms, such as product repair, replacement, or full monetary refund when goods are proven defective.

Step-by-Step Solution

1
Identify the primary consumer protection concept being evaluated in the statement.
The concept is the consumer's right to redress when purchasing defective or substandard goods.
Understanding consumer rights requires recognizing the legal protections available to buyers when goods do not meet standard requirements.
2
Assess whether statutory consumer protection laws in Nigeria guarantee remedies for defective products.
The Federal Competition and Consumer Protection Act grants consumers explicit legal rights to seek redress, including refunds, replacements, or repairs.
Therefore, the assertion accurately reflects statutory consumer rights and redress mechanisms.

Key Concept

Consumer Right to Redress and Legal Remedies for Substandard Goods
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Topics

Consumer Protection: Rights of Consumers, Exploitation, and Redress Mechanisms

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