Study On Consumer Regret Right In Our Country

Since the implementation of the Law of the People’s Republic of China onProtection of Consumer Rights, IT has played the huge role to protect consumers’legitimate rights and interests and to standardize the behavior of consumers andbusiness operators.With the rapid development of social economy, new trade patternand type appear constantly, especially the emergence of network transaction mode,have brought enormous impact on the traditional business model and consumptionpattern.As a more and more essential consumption pattern in people’s daily life,shopping online provides consumers with more convenient and affordable while italso produces some new problem.For the new problems appear in the update ofeconomic development and consumption patterns,the legislature introduced theconsumer regret right,which made a significant revision of the Consumer ProtectionLaw. The revised law has been officially implemented in March15,2014.Consumer Regret right is an exclusive right to the consumer, this right is refersto the right that in commodity exchange process of specific range in the law,according the law,consumers can unilaterally cancel the contract without any reasonor bear the liability for breach of contract in a certain period of time after theyconclude a contract.The system of regret right truly reflects legislative spirit on tiltprotection andbalance of interests, it also reflects the regulation and intervention by the state of theeconomic law.Meanwhile,it is the best interpretation for the voluntariness, fairnesswhich are the spirit of civil law.it conforms to the global trend of protectingconsumers’ rights and it is the inevitable choice for the development of the marketeconomy.This paper is divided into four parts:The first part describes the the origin of research on consumer regret right.itincludes.the background, system evolution,present research situation, theoreticalfoundation, and establishment significance.The second part is to define the conception of the.it exemplifies definition of consumers regret right, and analyzes the connotation and legal characteristics of theconsumers’ right of rescission system, On this basis, making investigation andcomparison between Consumers Regret right and related rights relationship.The third part explains the constitutive requirements of China’s ConsumerRegret right, including the subject of rights, the applicable scope, the mode, period,applicable results, limitations and so on.The fourth part is to probe possible problems in implementation and proposedseveral suggestions to guarantee the implementation of the consumerregret right.