When a Bank Insists That a Borrower Should Insure the Mortgaged

question 13

Multiple Choice

When a bank insists that a borrower should insure the mortgaged property with an insurance company in which the bank has a substantial interest:

• A)The bank is engaged in 'third line forcing' in breach of s 47(6)of the Competition and Consumer Act 2010 (Cth).
• B)The bank is engaged in a 'secondary boycott' in breach of s 45D of the Competition and Consumer Act 2010 (Cth).
• C)The bank has entered into an 'exclusionary agreement' in breach of s 45 of the Competition and Consumer Act 2010 (Cth).
• D)All of the above.

---

Definitions:

Bourgeoisie

The middle-class segment, particularly those with capitalistic interests and values, in a society.

Limited Government

A governance philosophy where governmental powers are restricted by law or a constitution, typically to protect citizens' freedoms.

Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising multiple countries with diverse cultures, languages, and economies.

Bourgeoisie

The social class that came to own the means of production during modern capitalism, typically marked by wealth, property ownership, and the ability to employ labour.