Theory-Theory of freedom of contract and the competing need to protect the consumer Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

“Freedom of contract” is a long-established principle of what?

A

Common Law

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What did more and more areas of contract law look at doing especially in the early 20th century?

A

Protect weaker parties.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

If the law is introducing more and more areas of protecting weaker parties, what could this arguably do?

A

Undermine the principle of freedom of contract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How does the CRA take away freedom of contract?

A

Reduces party rights to include exclusion clauses and limitation clauses.
Contract of ‘implied terms’ takes law away from contract as it is understood by parties involved.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What area of contract law, arguably, does focusing too much on consumer/trader rights leave inconsistencies with?

A

Areas where protection is needed for private sellers who are not traders. For example, on eBay

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

How do innominate terms take away a parties freedom of contract?

A

Are somewhere between a term and a warranty which creates confusion in the law and takes away from parties’ freedom to enter an agreement in which they understand where they stand.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly