Section 25 of the Australian Consumer Law Sets Out Examples

question 57

Multiple Choice

Section 25 of the Australian Consumer Law sets out examples of contract terms that are unfair.The general effect of this long and detailed provision is that a contract term will generally be considered to be unfair when:

• A)It is a standard term.
• B)It is long and technical.
• C)It permits one party to unilaterally exercise rights and privileges of a kind or scope that the other does not have.
• D)It permits the business to unilaterally exercise particular rights and privileges that the consumer does not like.

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Definitions:

Required Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in cash or additional shares.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or additional stock.

Record Date

The specific date set by a company on which the investors must own shares to be entitled to dividends.