Post Utme Unilorin 2021 Commerce Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2021 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UNILORIN • 2021 • COMMERCE • objective

The concept of 'caveat emptor' in consumer protection law implies that the buyer should be aware of the potential risks associated with a product. However, this principle has been criticized for being overly broad and failing to account for the power dynamics between buyers and sellers. Which of the following statements best captures the essence of this criticism?

Answer Options

A. The principle of caveat emptor is too rigid and fails to adapt to changing market conditions.
B. The principle of caveat emptor is too narrow and only applies to specific industries.
Correct Answer C. The principle of caveat emptor is overly broad and fails to account for the power dynamics between buyers and sellers.
D. The principle of caveat emptor is too vague and lacks clear guidelines for consumers.
Correct Answer
C
Correct Option:
The principle of caveat emptor is overly broad and fails to account for the power dynamics between buyers and sellers.

About This Question

This is Post Utme Unilorin 2021 Commerce Question 26. It is one of the objective questions from the 2021 Post Utme Unilorin Commerce examination.

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