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Investor Presentaiton

[Rev. 2016] No. 46 of 2012 Consumer Protection assist the consumer in obtaining goods or services, other than credit or a loan of money, from the supplier; "supplier creditor" means the supplier or an associate of a supplier in a supplier credit agreement; "time share agreement” means a consumer agreement by which a consumer- (a) (b) acquires the right to use property as part of a plan that provides for the use of the property to circulate periodically among persons participating in the plan, whether or not the property is located in Kenya; or is provided with access to discounts or benefits for the future provision of transportation, accommodation or other goods or services related to travel; "trade-in allowance" means the greater of- (a) the price or value of the consumer's goods or services as set out in a trade-in arrangement; and (b) the market value of the consumer's goods or services when taken in trade under a trade-in arrangement; and "vehicle" means a motor vehicle as defined in the Traffic Act (Cap. 403). (2) Nothing in this Act shall be interpreted to limit any right or remedy that a consumer may have in law. 3. Interpretation and purposes of Act (1) This Act must be interpreted in a manner that gives effect to the purposes set out in subsection (4). (2) When interpreting or applying this Act, a person, court or the Advisory Committee may consider― (a) appropriate foreign and international law; and (b) appropriate international conventions, declarations or protocols relating to consumer protection. (3) If a provision of this Act requires a document to be signed or initialed by a party to a transaction, that signing or initialing may be effected in any manner recognized by law, including by use of an electronic signature as defined in the Kenya Information and Communications Act (No. 2 of 1998). (4) The purposes of this Act are to promote and advance the social and economic welfare of consumers in Kenya by- (a) establishing a legal framework for the achievement and maintenance of a consumer market that is fair, accessible, efficient, sustainable and responsible for the benefit of consumers generally; (b) reducing and ameliorating any disadvantages experienced in accessing any supply of goods or services by consumers; (c) promoting fair and ethical business practices; (d) protecting consumers from all forms and means of unconscionable, unfair, unreasonable, unjust or otherwise improper trade practices including deceptive, misleading, unfair or fraudulent conduct; (e) improving consumer awareness and information and encouraging responsible and informed consumer choice and behavior; 11
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