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:

Socialized Industry

An industry that is owned and operated by the government, aiming to provide goods or services for the benefit of the public rather than for profit.

Healthcare Industry

The sector that provides medical services, manufactures medical equipment, and develops pharmaceuticals among other health-related activities.

High-Income Countries

Nations with a high gross national income per capita, indicating a generally high standard of living and economic productivity.

Real Expenditures

Total spending on goods and services, adjusted for inflation, to reflect the true economic value of transactions.