The Nature of Consumer Law (HSC SSCE Legal Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Caveat emptor meaning
Caveat emptor meaning
Let the buyer beware
Contract definition
Contract definition
Legally binding agreement between 2+ persons
4 essential elements of a contract
4 essential elements of a contract
Intention, offer, acceptance, consideration
Consideration in contract law
Consideration in contract law
Something given, done, or suffered for a promise
Merchantable quality
Merchantable quality
Goods of sufficient quality, fit for usual purpose
Unconscionable conduct
Unconscionable conduct
Exploitation of another party's vulnerability
Rescission
Rescission
Termination of contract, treating it as never existed
Bait advertising
Bait advertising
Advertising at a price without intending to supply
Cooling-off period
Cooling-off period
Time giving buyers opportunity to rethink purchase
Natural justice
Natural justice
Rules ensuring decision-makers act fairly without bias
