Statute of Limitations. Statutes of limitations govern how long an individual has to file a claim against an estate. Depending on the type of challenge, some documents may be discarded after as little as two years.
Definition of consumer rights. 1 Meaning of consumer rights. Consumption (or right of the consumer) is the name given to the set of rules emanating from public authorities aimed at the protection of the consumer or user in the market of goods and services, giving and regulating certain rights and obligations.
Definition Consumer sovereignty. â the ability and freedom of consumers to choose from a range of different goods and services. It means that ultimately it is consumers who will decide what is produced and how scarce resources are allocated. Consumer sovereignty is an important concept for classical economics.