Question 6

Gideon wishes to purchase MVR 100,000 worth goods from Jacob. This is the first time Gideon has entered such a high value transaction or is attempting to trade with Jacob. Although Jacob comes highly recommended by other traders, Gideon is quite skeptical, as he has had experience with transactions involving sale of defective goods.

(a) Assume you are Gideon. What are the steps you would take to ensure that your rights are best protected in this transaction? (8 marks)

(b) Why is it imperative for countries to protect consumers such as Gideon? (7 marks)