When There Is Significant Imbalance in the Bargaining Power of the Parties,the

question 104

Essay

When there is significant imbalance in the bargaining power of the parties,the stronger party can take an unfair advantage of the weaker one by extracting agreement to unconscionable terms.With respect to exemption clauses,what obligations have been imposed on Internet retailers pursuant to Ontario's consumer protection laws?

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Definitions:

Public Sector

The portion of the economy composed of government services and enterprises, including federal, state, and local government bodies.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year, to show the net profit or loss of a business.

Regulatory Capture

A situation where regulatory agencies are dominated by the industries they are charged with regulating, often leading to regulations that serve the interests of those industries.

Deregulation

The process of removing or reducing government restrictions and regulations with the aim to improve business efficiency or facilitate free-market operations.