Question

In: Finance

Discuss and explain briefly about each examples of the terms below in a consumer contract that...

Discuss and explain briefly about each examples of the terms below in a consumer contract that might be unfair:
• a term that permits, or has the effect of permitting, one party (but not another party) to avoid or limit performance of the contract;
• a term that permits, or has the effect of permitting, one party (but not another party) to terminate the contract.
• a term that penalises, or has the effect of penalising, one party (but not another party) for a breach or termination of the contract;
• a term that permits, or has the effect of permitting, one party (but not another party) to vary the terms of the contract;
• a term that permits, or has the effect of permitting, one party (but not another party) to renew or not renew the contract;
.: a term that permits, or has the effect of permitting, one party to vary the upfront price payable under the contract without the right of another party to terminate the contract; .,.
• a term that permits, or has the effect of permitting, one party unilaterally to vary the characteristics of the goods or services to be supplied, or the interest in land to be sold or granted, under the contract;
• a term that permits, or has the effect of permitting, one party unilaterally to determine whether the contract has been breached or to interpret its meaning;
• a term that limits, or has the effect of limiting, one party's vicarious liability for its agents;
• a term that permits, or has the effect of permitting, one party to assign the contract to the detriment of another party without that other party's consent;
• a term that limits, or has the effect of limiting, one party's right to sue another party;
• a term that limits, or has the effect of limiting, the evidence one party can adduce in proceedings relating to the contract;
• a term that imposes, or has the effect of imposing, the evidential burden on one party in proceedings relating to the contract;
• a term of a kind, or a term that has an effect of a kind, prescribed by the regulations.

Solutions

Expert Solution

1. a term that permits, or has the effect of permitting, one party (but not another party) to avoid or limit performance of the contract;

Description: Any term which gives either consumer or seller the right of avoiding or exercising the contract and the term does not provide such right to another party is considered to be unfair

2. a term that permits, or has the effect of permitting, one party (but not another party) to terminate the contract

Description: Any term of contract which either allows or is made in such a way which states that one party can end the contract but same cannot be done by another party

3. a term that penalises, or has the effect of penalising, one party (but not another party) for a breach or termination of the contract;

Description: Any term of contract which either penalises or state to penalise one party upon breach of contract or ending the contract but the other party will not be penalised if it breaches or end the contract

4. a term that permits, or has the effect of permitting, one party (but not another party) to vary the terms of the contract;

Description: Any term of contract that provides one party the full right of varying the contract terms however, such rights will not be with the other party.


Related Solutions

Briefly discuss the breach of the employment contract and the termination of the employment contract. Explain...
Briefly discuss the breach of the employment contract and the termination of the employment contract. Explain the difference and also give practical examples.
discuss briefly consumer surpluses and producer surpluses verbally and graphically with examples
discuss briefly consumer surpluses and producer surpluses verbally and graphically with examples
Briefly explain the terms used in object-oriented programming with examples.
Briefly explain the terms used in object-oriented programming with examples.
briefly explain each of the following terms. give examples and/or structures where appropriate. three sentences max....
briefly explain each of the following terms. give examples and/or structures where appropriate. three sentences max. steady-state assumption bohr effect hemiacetal amphiphile integral membrane protein competitive inhibitor kcat GPI-linked protein
Economies are not stagnant; they expand and they contract. Please explain each of the terms with...
Economies are not stagnant; they expand and they contract. Please explain each of the terms with example.
Explain the terms ecological fallacy and reductionism and provide examples of each.
Explain the terms ecological fallacy and reductionism and provide examples of each.
What is a social contract? Briefly describe the “social contract approach to journalism ethics” in terms...
What is a social contract? Briefly describe the “social contract approach to journalism ethics” in terms of the privileges and obligations of the press.
Briefly explain termination of contract with example.
Briefly explain termination of contract with example.
What is a Contract? What is Breach of Contract? Explain. Quote examples.
What is a Contract? What is Breach of Contract? Explain. Quote examples.
What are the ‘three biggies’ in terms of evaluating the US economy? Briefly explain each and...
What are the ‘three biggies’ in terms of evaluating the US economy? Briefly explain each and give information on how they have acted historically.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT