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Consumer Law News
Consumer Affairs Continues Its Prosecutions of Price Gougers
Today Joe Doyle, Administrator, announced 51 additional settlements that have been reached as a result of recent gasoline price-gouging investigations conducted by the Governor's Office of Consumer Affairs (OCA). OCA began the investigation of price gouging immediately after Governor Perdue’s Executive Order of August 31, 2005, to control spiraling motor fuel costs in the wake of Hurricane Katrina. The first 15 settlements were announced on November 15, 2005.
Under Georgia law, price-control statutes are activated upon the Governor's declaration of a state of emergency. During the declared state of emergency, businesses may not sell any goods or services necessary to protect the health, safety or property of citizens at prices higher than the prices at which those same goods or services were offered before the declaration of a state of emergency. Absent a declared state of emergency, competition and demand drive prices in our free-market economy.
“The Governor and his Office of Consumer Affairs have taken the issue of price-gouging very seriously and will continue to do so in the future,” said Administrator Doyle. Read more at georgia.gov
Definition:
Before you sign on the dotted line, get all of the loan terms in writing, including the payment schedule and interest rate. If the lender isn't familiar to you, contact your state banking department and ask how to confirm that it's licensed and operating properly.
Implied warranties
Definition:
under state law, consumers are guaranteed certain implied warranties. A “warranty of merchantability” comes automatically with every sale and is the seller’s promise that a product is fit for its ordinary use.
Fraud
Definition:
Intentional deception resulting in injury to another.
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