Under CRA, a term 'isunfair if, contrary to the requirement of good faith, it causes a significant imbalance in the party's rights and obligations under the contract to the detriment of the consumer' (Section 62(4))). Which of the following statements is true?
A) A term is only unfair if there is procedural unfairness.
B) A term is unfair even if there is no procedural unfairness; substantive unfairness may be enough.
C) A term is only unfair if there is procedural unfairness, substantive unfairness is merely an indication of procedural unfairness.

Question

Quizplus · Accepted Answer

A term is unfair even if there is no procedural unfairness; substantive unfairness may be enough.

Under CRA, a Term 'Isunfair If, Contrary to the Requirement