lemon law

lemon law.

1. A statute designed to protect a consumer who buys a substandard automobile, usu. by requiring the manufacturer or dealer either to replace the vehicle or to refund the full purchase price. • Almost all states have lemon laws in effect. — Also termed lemon protection. [Cases: Consumer Protection

9. C.J.S. Credit Reporting Agencies; Consumer Protection§§ 52–55, 64.]

2. By extension, a statute designed to protect a consumer who buys any product of inferior quality. — Also termed (in sense 2) quality-of-products legislation.


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译者Wendy,欧洲知名商学院国际金融专业,擅长翻译各种与私募基金相关的法律文件。
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