Dynamic Of law Essay Example | Topics and Well Written Essays - 500 words

Dynamic Of law - Essay Example k Stanley cashed in on the popularity of this â€Å"patent medicine† and claimed the liniment can cure a variety of ills such as headaches, chronic pain, kidney troubles, and â€Å"female complaints† such as the menstrual pain (dysmenorrhea) and even male baldness. Because of this connotation, snake oil is used as a synonym for fraud especially in relation to false claims made about a product or service. This is why advertisers today practice ethical standards with the catch phrase â€Å"truth in advertising.† Fraud as a legal construct is a civil wrong which means a victim of fraud can recover money paid for a product or service which did not live up to the claims of the seller. As criminal act, a person perpetrating a fraud is subject to criminal liabilities and imprisonment if convicted by government authorities who try to protect the buying public by giving out warnings. Snake oil was sold in the nineteenth century to an unsuspecting public through the back page of pamphlets and newspapers claiming it is a panacea (cure-all) although it no longer contained the original Chinese snake oil but instead was a mixture of mineral oil, beef fat, red pepper, and turpentine (Gandhi, 2013). Since then, a good number of consumer products were often being sold without any regard for the truthfulness of the claims made by the manufacturer or the seller; included are medicines, consumer durables, organic foods, and also firms claiming their product is â€Å"green.† Greenwashing is a newly-coined term derived from the words â€Å"green† and â€Å"washing† in a deceptive attempt by any company to portray itself to the buying public as an environmentally friendly organization in order to promote the sales of its product or service. This is because of a growing consciousness of caring for the environment resulting from global warming and climate change together with the depletion of non-renewable energy sources that resulted in degradation of the environment and the so-called