Unconscionable Conduct Is Not Clearly Defined in Ss 20 and 21

question 63

Multiple Choice

Unconscionable conduct is not clearly defined in ss 20 and 21 of the Australian Consumer Law.Section 22 however provides an exhaustive list of situations that may be unconscionable.This list would suggest that unconscionable conduct in general terms means:

• A)Causing another to believe what is false.
• B)Unfairly taking advantage of another's weakness or vulnerability.
• C)Unfairly engaging in conduct that reduces competition.
• D)Leading another astray or into error.

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Definitions:

Industry Supply

The total output of goods or services available from a particular industry at a given price level and time.

Operate

To function or run, typically referring to the way machinery, systems, or businesses work.

Shut Down

Cessation of a firm’s operations as output falls to zero.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.