Which of the Following Is NOT a Difference Between the Sale

question 40

Multiple Choice

Which of the following is NOT a difference between the Sale of Goods Acts and the Australian Consumer Law?

• A)The remedy under the Sale of Goods Acts is for breach of contract whereas the Australian Consumer Law provides statutory remedies.
• B)The Sale of Goods Acts apply to non-consumer transactions whereas the Australian Consumer Law does not.
• C)The implied conditions and warranties in the Sale of Goods Acts can be excluded,whereas the Australian Consumer Law guarantees can't.
• D)The Sale of Goods Acts are administered by state and territory Departments of Fair Trading whereas the Australian Consumer Law is administered by the ACCC.

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Definitions:

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Secondary Labour Market

Refers to jobs characterized by low pay, job insecurity, limited career prospects, and minimal benefits, often contrasted with the 'primary' market which offers better employment conditions.

Interlocking Directorates

Are formed when an individual sits on the board of directors of two or more non-competing companies.

Conglomerates

Are large corporations that operate in several industries at the same time.