The Latin phrase caveat emptor means "let the buyer beware" and was the attitude regarding consumer law for much of history. How has modern consumer law and government agencies helped being aware as a consumer easier?

Federal law requires that all food labels contain the list of ingredients and nutritional information. What right of consumers is being covered with these laws? How do these requirements help protect consumers?

Explain the different types of contracts. How do contracts protect consumers?

For each scenario decide if a legal contract has been made and explain why or why not:

a. Jamal says to Mikel, "I'm going to sell my iPhone for $200. Mikel replies, "All right, here is the money. I'll take it." Jamal accepts the money.

b. Rachel offers Cherie $100 to steal a gold ring from a local store. Cherie steals the gold ring and brings it to Rachel and asks for the money.

c. Hiba purchases a package of meat from a grocery store. She opens it at home and finds the meat has spoiled. When she takes it back to the store for an exchange they refuse to exchange it. She says the store has a responsibility to replace it since they presented it as fresh.