Which of the Following Statements About the Unfair Contract Terms

question 3

Multiple Choice

Which of the following statements about the Unfair Contract Terms Act 1977 are correct? Please select all that apply.

• A) The Act is concerned with all contract terms which may be thought to be 'unfair'.
• B) The Act is not confined to contractual terms.
• C) The Act applies to both consumer and non-consumer contracts.
• D) Under the Act, terms are only considered unfair if they fail the statutory test of reasonableness.

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Definitions:

Japan

A country located in East Asia, known for its rich culture, technological advancements, and significant contribution to the global economy.

International Trade Theory

A set of ideas explaining how and why countries engage in exchange of goods and services across borders.

Domestic Industries

Domestic industries refer to sectors of an economy that produce goods or services within the country, contributing to national income and employment.

Foreign Producers

Companies or individuals that produce goods or services in a country other than where the goods or services are sold.