Glossary for Consumer Law Essentials
From Clicklaw Wikibooks
- Consumer: you are a consumer when you buy a product or a service
- Contract: an agreement between two or more people to do something
- Creditor: person who is owed an amount of money
- Debt: an amount of money a person may owe
- Debtor: person who owes money
- Expense: money spent on something
- Goods: something you buy (same as “purchases” and “product”)
- Income: money received by you
- Lien: a legal right that someone has on property because they provided some material or service to the property
- Mediator: a person who is trained to help people solve their problems and reach an agreement
- Small Claims Court: a court that manages claims for amounts of money up to $25,000
- Warranty: a promise made by the company that sells you the item about how long it will last and what it will do
| |||||||||||||||||||||||
