Republic of the Philippines Congress of the Philippines Metro Manila Fifth Regular Session Begun and held in Metro Manila, on Monday, the twenty second day of July, nineteen hundred and ninety-one Republic Act No. 7394 THE CONSUMER ACT OF THE PHILIPPINES Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: TITLE I GENERAL PROVISIONS ARTICLE 1. Short Title - This act shall be known as the Consumer Act of the Philippines. ARTICLE 2. Declaration of Basic Policy -It is the policy of the State to protect the interest of the consumer, promote his general welfare and to establish standards of conduct for business and industry. Towards this end, the State shall implement measures to achieve the following objectives: a. protection against hazards to health and safety; b. protection against deceptive, unfair and unconscionable sales acts and practices; c. provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer; d. provision of adequate rights and means of redress; and e. involvement of consumer representatives in the formulation of social and economic policies. ARTICLE 3. Construction - The best interest of the consumer shall be considered in the interpretation and implementation of the provisions of this Act, including its implementing rules and regulations. ARTICLE 4. Definition of Terms - For purposes of this Act, the term: a) Advertisement means the prepared and through any form of mass medium, subsequently applied, disseminated or circulated advertising matter. b) Advertising means the business of conceptualizing, presenting or making available to the public, through any form of mass media, fact, data or information about the attributes, features, quality or availability of consumer products, services or credit. c) Advertising agency or Agent means a service organization or enterprise creating, conducting, producing, implementing or giving counsel on promotional campaigns or program through any medium for and in behalf of any advertiser. d) Advertiser means the client of the advertising agency or the sponsor of the Advertisement on whose account the advertising is prepared, conceptualized, presented or disseminated. e) Agricultural purpose means a purpose related to the production, harvest, processing, manufacture, distribution, storage, transportation, marketing, exhibition, or disposition of agricultural, fishery or marine products. f) Amount financed in a consumer credit sale constitutes the cash price plus non-finance charges less the amount of any down payment whether made in cash or in property traded in, or in a consumer loan the amount paid to, receivable by or paid or payable to the buyer or to another person in his behalf. g) Banned h azardous substance means (1) any toy or other articles intended for use by children, which are hazardous per se, or which bear or contain substances harmful to human beings; or (2) any hazardous substance intended or packaged in a form suitable for use in the household, which the implementing agency by regulation, classifies as banned hazardous substance notwithstanding the existence of cautionary labels, to safeguard public h
Posted on: Wed, 26 Mar 2014 02:14:10 +0000
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