OMVIC Practice Test

The statement that the CPA only protects consumers is false. The Consumer Protection Act (CPA) is designed to promote fairness and transparency in transactions for all parties involved, not just consumers. While it indeed establishes rights and protections for consumers against unfair business practices, it also outlines obligations for businesses and provides a framework for fair competition in the marketplace.

This law addresses issues such as misleading advertising, warranties, and returns, ensuring that both businesses and consumers understand their rights and responsibilities. As such, the CPA serves to create a balanced environment where consumer rights are upheld, but it also considers the interests of businesses operating legally and ethically. This comprehensive approach underscores the fact that consumer protection is an important aspect of broader commercial regulations, aiming to foster trust and integrity in business dealings.