ECONOMICS

Detailed explanation-1: -The Consumer Protection Act gives consumer courts the option of directing the manufacturer to either repair the defective product or give a replacement or a refund. Manufacturers are most reluctant to replace defective goods and consumer courts too in most cases order repairs.

Detailed explanation-2: -As we’ve already discussed, if you notice a defect in something you recently purchased, your best option usually is to return it immediately to the retailer. Getting the seller to issue a refund or exchange is almost always more convenient than filing a claim under any manufacturer’s express warranty.

Detailed explanation-3: -Who Should Be Held Responsible For A Defective Product? Product liability is when a manufacturer or seller is being held liable for placing a defective and unreasonably dangerous product into the hands of a consumer. If a product defect causes injury, the responsibility falls on the sellers of the product.

Detailed explanation-4: -The Consumer Protection Act provides a number of reliefs to the consumers including replacement of the product, removal of defect in the product, compensation paid for any loss or injury suffered by the consumer, etc.