What Is Republic Act No 7394 Or The Consumer Act Of The Philippines?

What is a no refund policy?

A “No Return, No Refund Policy” normally allows a user to cancel the service but there are no refunds for previous use..

What is RA 7394 Consumer Act of the Philippines?

Declaration of Policy. — The State shall ensure safe and good quality of food, drugs, cosmetics and devices, and regulate their production, sale, distribution and advertisement to protect the health of the consumer.

What is Republic Act 7394 all about?

RA 7394 aims to protect consumers against hazards to health and safety, protect consumers against deceptive, unfair and unconscionable sales acts and practices, provide information and education to facilitate sound choice and the proper exercise of rights by the consumers, provide adequate rights and means of redress, …

Note that a “No Return, No Exchange” Policy is prohibited because this is considered deceptive. Under the Consumer Act, in conjunction with the New Civil Code of the Philippines, sellers are obliged to honor their warranties and grant corresponding remedies to consumers.

What is Republic Act 3720?

3720). An Act to ensure the safety and purity of food, drugs and cosmetics being made available to the public by creating the Food and Drug Administration which shall administer and enforce the laws pertaining thereto.

What is the importance of Consumer Act of the Philippines?

In pursuance of such mandate, Congress has enacted RA 7394 or the Consumer Act of the Philippines in 1992. The Law was enacted to protect the interests of consumers through the promotion of public health and safety measures, and the prevention of deceptive and unfair acts of unscrupulous businessmen.

What is the importance Consumer Act of the Philippines or RA 7394?

The Philippine government adopted RA 7394 (Consumer Act of the Philippines of 1991) as the legal basis for consumer protection in the country. The law embodies the state policy on the protection of consumers and establishes standards of conduct for business and industry in the country.

How important are the laws to a consumer?

Answer. Answer: Laws for consumer are really important because it helps the consumer to protect their rights as a consumer, and it helps them to be more careful because there are laws that can protect them and there is also a law that they need to follow for their safety.

The United States does not legally require businesses to have a return and refund policy nor does it prevent them from having a no refund and no return policy. Some states do require that this policy be conspicuous, but that should be the case regardless of where your business is located.