Danny wants to buy a car, so he visits a car dealer on a Saturday. Danny speaks to Adrian, a car dealer and Adrian recommends a new sedan to Danny. Danny is happy with the car and asks Adrian to prepare the contract of sale. Adrian then informs Danny that he must pay 50% deposit and the deposit will be forfeited if Danny does not return with the balance by 9 am on Monday. Danny is not very happy with such a short turnaround time, but he really likes the sedan, so Danny pays 50% deposit and signs the contract of sale. Does section 23 of the Australian Consumer Law render the term: “50% deposit will be forfeited if Danny does not return with the balance by 9 am on Monday” void?

Answer rating: 100% (QA)

Section 23 of the Australian Consumer Law deals with Unfair terms of consumer contracts and small business contracts Concerning consumer contracts it ... View the full answer