Jane agreed to purchase a coat priced at $600 through a lay- by agreement with a clothing store.She signed a written agreement which required her to pay $100 per month for 6 months.Jane made two payments and then decided not to proceed.The store has advised Jane that she must pay a $50 termination fee although there was no reference to one in the lay by agreement.What are the store's obligations under the lay by provisions of the Australian Consumer Law?

Question

Quizplus · Accepted Answer

The store's obligations under the lay by provisions of the Australian Consumer Law require them to refund Jane's payments and they cannot impose termination fees that were not agreed upon in the written lay-by agreement. It is not relevant whether Jane breached the contract or not.

Jane Agreed to Purchase a Coat Priced at $600 Through