Historic Roots of the Consumer Protection and International Laws

Description

This Skill Bit talks about the 20th century, which witnessed a transformative evolution in contract law, with a surge in consumer protection measures and international legal harmonization. Consumer protection laws curtailed unfair terms and deceptive practices, safeguarding consumers from exploitation. Simultaneously, international trade saw the emergence of uniform frameworks like the CISG and UNIDROIT Principles, streamlining cross-border transactions. These advancements fostered fairer marketplaces domestically and globally, enhancing economic cooperation and development between nations.

Duration approx. 4 Min.

Tier: proficiency