Legislation in Some Provinces Has Made Changes to Contract Law

question 16

Multiple Choice

Legislation in some provinces has made changes to contract law for the benefit of the consumer. Which of the following is an example of a consumer protection law?

• A)The provisions for electronic (i.e., by computer)acceptance of an offer.
• B)The banning of negative option marketing - i.e. the practice of making a consumer "opt out" of a contract.
• C)The enactment of a cooling off period, allowing a purchaser to back out of a contract if he changes his mind within a specific period of time
• D)Both B and C
• E)All of the above

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Definitions:

Class Consciousness

A term referring to the awareness of one's social class and its implications in the capitalist system, often related to Marxist theory, which advocates for the working class's recognition of their collective economic interests.

Progressive Taxes

A taxation system where the tax rate increases as the taxable amount increases, generally considered more equitable as it places a heavier burden on those who have the ability to pay more.

Regressive Taxes

Taxes that take a larger percentage of income from low-income earners than from high-income earners, disproportionally burdening the former.

Feudalism

A medieval European social system in which land was held by nobles in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants were obligated to live on their lord's land and give him homage, labor, and a share of the produce.