OMVIC Practice Test

True or False: The CPA protects "consumers" only.

1. False

2. True

The correct answer is: True

The Consumer Protection Act (CPA) is designed to protect the rights of consumers in their dealings with businesses. However, its protection extends beyond just consumers. It also serves to ensure fairness in the marketplace, which can include the rights of businesses, ensuring that competition remains fair and that no party engages in deceptive practices. In this way, the CPA creates a balanced approach in consumer transactions, providing safeguards not only for individual consumers but also for the integrity of the business community. Therefore, stating that the CPA protects "consumers" only is inaccurate, as it aims to uphold the principles of fair trading for all parties involved.