The Main Statutory Restrictions on Unfair Contract Terms Are to Be

question 8

Multiple Choice

The main statutory restrictions on unfair contract terms are to be found in UCTA and CRA. Which of the following statements about their sphere of application is true?

• A) While CRA only deals with unfair terms in consumer contracts, UCTA applies to both consumer and business-to-business contracts.
• B) Both UCTA and CRA deal with consumer contracts. CRA also deals with business-to-business contracts.
• C) Both UCTA and CRA apply to consumer contracts as well as business-to-business contracts.
• D)Only UCTA deals with unfair terms in business-to-business contracts. CRA deals only with consumer contracts.

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Definitions:

Return On Investment

A financial metric used to evaluate the efficiency of an investment or compare the efficiency of several investments, calculating the return relative to the investment's cost.

Income From Operations

Revenue generated from a company's regular business activities, excluding revenue from non-operating sources.

Invested Assets

Assets that have been allocated or invested in various forms such as stocks, bonds, or real estate, aiming for a financial return.

Profit Margin Factor

A measure of a company's earnings (or profits) relative to its revenue, showing the percentage of each dollar of sales that results in profit.