In a free-market economy, there is a general unwritten rule known as caveat emptor, which means "buyer beware." Under caveat emptor, buyers are responsible for any bad buying decisions they make. In our society, however, we have decided that there are limits to the rule, particularly where the seller is being dishonest and the buyer is not in a position to learn of the dishonesty. We call these limits consumer protection laws.
In Illinois, examples of consumer protection laws include the Automotive Repair Act, the Children's Product Safety Act, and the Electric Service Customer Choice and Rate Relief Law of 1997.
For further information on consumer protection laws involving the following subjects, click on the links below: