Consumer Rights (VCE SSCE Legal Studies): Flashcards

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Consumer Rights
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Contract law

Civil law governing validity/enforceability of agreements

Australian Consumer Law (ACL)

Schedule 2 of Competition and Consumer Act 2010 (Cth)

Offer (contract law)

Act indicating willingness to buy/sell goods/services

Acceptance (contract law)

Act agreeing to an offer

Consideration (contract law)

Something of value passing from one party to another

4 elements for breach of contract liability

Binding contract, breach, causation, loss/damage suffered

Limitation period for breach of contract (Vic)

Six years from when cause of action accrues

Major problem remedy under ACL

Consumer chooses: refund, replacement, or compensation

Minor problem remedy under ACL

Supplier chooses: replacement, repair, or refund

ACL guarantees exclusion by vendors

Cannot be excluded - automatic consumer protections

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