Unconscionable Conduct Is Not Clearly Defined in Ss 20 and 21

question 3

Multiple Choice

Unconscionable conduct is not clearly defined in ss 20 and 21 of the Australian Consumer Law.Section 20 however, provides that unconscionable conduct should be assessed in accordance with the 'unwritten law'.This suggests 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:

Portfolio Of Stocks

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Protective Put

An options strategy where an investor holds a position in a stock and purchases a put option on the same stock to protect against a decline in its price.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overheads, payroll, taxation, and interest payments.

Net Profit

The financial gain produced after subtracting all expenses, taxes, and costs from total revenue.