Unfair Contract Terms Introduction to Business Law

This week's lecture is on unconscionable conduct/contracts as provided for under ss 20, 21 and 23 of the ACL. s 20 incorporates common law principles established in Commercial Bank of Australia v Amadio; s 21 targets the conduct of persons in trade or commerce in relation to supply or possible supply and acquisition or possible acquisition of goods or services. It offers no protection to listed companies. s 23 makes void unfair terms in consumer contracts where the contract is a standard form contract.

Copyright 2013 Lola Akin Ojelabi / La Trobe University, all rights reserved. Contact for permissions.