OK chill out, people on here get so stressed.
http://www.thisismoney.co.uk/consumer-rights
Whoever wrote that page is talking absolute rubbish.
SKaRT said:
In the OPs case, the product was working perfectly when received, had no defects and was fully fit for the purpose it was intended. Once those criteria are met then any right to a refund is gone unless the retailer cannot provide either a. a repair, or b. a replacement. In this case I have no doubt the OP will receive a replacement but there is no basic right to demand a refund for a faulty product.
Mostly true, certainly better than a lot I've seen

The potential remedies depend on whether the buyer is deemed to have accepted the goods. This is an excerpt direct from the Sale of Goods Act:
Sale of Goods Act said:
The buyer is deemed to have accepted the goods [F1subject to subsection (2) below—
(a)when he intimates to the seller that he has accepted them, or
(b)when the goods have been delivered to him and he does any act in relation to them which is inconsistent with the ownership of the seller.
(2)Where goods are delivered to the buyer, and he has not previously examined them, he is not deemed to have accepted them under subsection (1) above until he has had a reasonable opportunity of examining them for the purpose—
(a)of ascertaining whether they are in conformity with the contract, and
(b)in the case of a contract for sale by sample, of comparing the bulk with the sample.
The OP has had the PS3 in his possession for several days, and during the course of this time has had the opportunity to use it, which in my opinion fulfills the subsection 2,1 of my quote above. This means that the retailers legal liability to remedy is limited to the methods prescribed in Section 48 (
http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1979/cukpga_19790054_en_6#pt6-l1g55 - Too long to quote)
Obviously, the retailer and the OP are entitled to come to alternative arrangements, such as a refund etc. TBQH most will generally come to some arrangement, as this represents good customer service, but *legally* the retailer is only obliged to comply with these provisions
Basically, everything hinges on whether he is deemed to have accepted the product. This is a subject that could keep highly paid lawyers busy for years, but my view on the subject is that he has had the PS3 in his possesion for several days, and over the course of this time, he has used it for it's intended purpose (IE. Playing games/ bluray disks), and this would constitute acceptance in the eyes of the law.
I think your wrong, in my eyes he received a faulty product and has a right to a full refund in the eyes of the law.
Noooo...........
If he is deemed to have accepted the contract (See my quote above), then the law states that the seller has a reasonable amount of time to remedy the situation.
There is NO LAW that states that he is entitled to a full refund for a faulty product, period.
-Leezer-