Word: emptor
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Dates: during 1970-1979
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None of the operators are crooks but they don't exactly stress caveat emptor either. A smart buyer knows how not to get stuck with a bum part. Every yard on the alley will test any movable part upon request and most are proud to explain the special one-time guarantee--the part will be replaced free of charge if it fails to work up to and including the first time it is used after installation...
Elizabeth Hanford, 37. The days of total caveat emptor are past if Hanford, one of five members of the Federal Trade Commission and an experienced consumer advocate, has anything to say about it. A Phi Beta Kappa from Duke University, she took a law degree at Harvard in 1965. She was a legislative aide to Lyndon Johnson's consumer adviser Betty Furness, became deputy director of Richard Nixon's Office of Consumer Affairs under Virginia Knauer. Her biggest interest is the promotion of consumer education. Immediate goals: tighter regulations on credit bureaus and federal aid to states...
...Caveat Emptor...
...course, in everything, caveat emptor...