Which of the Following Statements Is True

question 3

Multiple Choice

Which of the following statements is true?

• A) Under CRA, the CMA and other 'regulators' may apply to the courts for an injunction against the future use of specific unfair terms. The CMA cannot intervene for past use of unfair terms.
• B) Under CRA, the CMA can challenge both the future use of an unfair term and seek damages for past infringements.
• C) Under the Unfair Contract Terms Act 1977 (UCTA), the CMA may challenge unreasonable terms in consumer contracts and unreasonable indemnities.

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Definitions:

Board of Director's Approval

Formal sanction or consent given by a company's board for specific actions or decisions.

Assets

Economic resources or valuable items owned by an individual or business, capable of being converted into cash.

Dissenting Shareholder

A shareholder who disagrees with a corporate decision and is granted certain rights, like the right to be bought out under specific conditions.

Appraisal Right

A dissenting shareholder’s right to have his or her shares appraised and to receive monetary compensation from the corporation for their value.