Consumer Safety and the Liability of Seller discussion

Assignment: Listed below are a three separate consumer issues. Review each issue and investigate all three issues. Select (from the e-resources listed below) the appropriate internet source to research the issues. Provide a description of the appropriate steps you need to take to resolve or approach each issue based on information you obtained from the web site.

For each issue, you must include the following:

1. Restate in your own words the specific issue that you need to address.
2. Discuss which resources you feel would be the most appropriate source of information.
3. Describe the information you found at the internet source to resolve or approach each issue.
4. Evaluate whether you felt the internet source to be helpful and comprehensive or do you still have additional questions.

Issue One:

In preparation for moving to a new retirement community, Don and Marie have decided to have a garage sale to get rid of all the excess items that have accumulated over their 40-year marriage. Don and Marie have raised 4 children in this home and have a variety of infant and children items including furniture, books, clothes, toys and sports equipment. Marie is concerned that some of the older items are no longer safe for children. What steps should Don and Marie take to ensure that the items they sell are safe for use? Would Don and Marie be held liable for any injuries that may result from the items they sell?

Issue Two:

Mary’s elderly mother has been receiving calls from an aggressive individual representing him/her self as an investment specialist. The salesperson has been pressuring Mary’s mother to move some of her investment monies from her individual retirement account into a new investment product that focuses on foreign securities and claims to pay a higher than average rate of return. Mary is concerned that her mother is being unduly pressured and possibly scammed by this salesperson. Obviously, Mary needs to talk with her mother but doubts her mother will listen to reason without some sort of evidence or proof. Where can Mary go to investigate this company? What steps should Mary take should she discover that the investment opportunity is a fraud?

Issue Three:

Jack and Jill, a young married couple, have managed to accumulate over $50,000 in addition to the balances on each of their student loans. Since their marriage 5 years ago, the young couple has often lived beyond their means spending more money than they earned on traveling and entertaining. Their lifestyle often resulted in them overspending on “fun” and not having enough money at the end of the month to pay their bills. Subsequently, they have several past due bills and even a few items that have gone to collection. Realizing the error of their ways, Jack and Jill are ready to settle down, buy a home, and start a family. Unfortunately, their credit history is so poor that they are afraid they won’t be able to qualify for a home mortgage. Jack ran across a spam e-mail extolling the virtues of a credit repair company. Jack is curious as to whether or not it is possible to actually repair their credit through the use of such a service. Where should Jack go to learn more about credit issues and to investigate whether or not the advertised credit repair company is legitimate? Are credit repair companies actually able to repair Jack and Jill’s credit history? If not, what steps should Jack and Jill take to begin improving their credit history?

Potential e-sources:
http://www.fda.gov
http://www.ftc.gov
http://www.finra.org/
http://www.fcc.gov
http://www.hud.gov
http://www.cpsc.gov/index.html
http://www.consumerfinance.gov

All papers must be:

• Typed
• Standard Times New Roman 12 point font
• Double spaced
• One inch margins
• Two (2) – three (3) pages in length (not over 3 pages)

Please DON’T plagiarize

The only sources that can be used are listed above. Please do not use search engines