According to s 23 of the Australian Consumer Law, a contract term will be unfair if three elements are satisfied.Which of the following requirements is not one of these?

Question

Quizplus · Accepted Answer

The requirement that the term is unconscionable or misleading and deceptive is actually one of the three elements that must be satisfied in order for a contract term to be considered unfair under s 23 of the Australian Consumer Law. The other two requirements are that the term causes a significant imbalance between the parties' rights and obligations, and that it would cause detriment to the consumer. The final requirement is that the term is not reasonably necessary to protect the legitimate interests of the business.

According to S 23 of the Australian Consumer Law, a Contract