Which of the Following Cannot Be Said of the Consumer

question 63

Multiple Choice

Which of the following cannot be said of the consumer guarantees implied into consumer contracts by the Australian Consumer Law (ACL) ?

• A)They are implied into every consumer contract by the ACL.
• B)They include guarantees as to the title of the goods, their quality and fitness for their purpose.
• C)They apply to standard form contracts only.
• D)The implied terms cannot be excluded or overridden by a business.

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Definitions:

Compounded

The process where interest is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Annually

Annually means occurring once every year or pertaining to a period of one year.

Compounded

The process of earning interest on previously earned interest, leading to an increase in the total amount over time.

Monthly

Occurring or produced once a month.