This paper will study a contract, common in business law; but more specifically, this report will analyze a credit card agreement from CIBC Visa. In studying this contract, it will show what a contract is and the legal framework that it implies. In studying the clauses of this contract, one will familiarize oneself with the legal terms and jargon that all contracts consist of. In explaining these clauses, one might be able to divide them into twelve main principles that a contracting agreement should consist of. This paper will then analyze the clauses and any potential flaws or problems, and later suggest changes that should be applied. These can be considerable change, for instance, adding or removing clauses or can be simply a small change, such as changing a few words in a clause or fixing a spelling error. This report will then move on to challenge the legal reasoning of the contract and finally explain the legal corrective measures that are identified at the end of this paper. All of these things will be tied into the general foundation of business law and how they all connect.
Inhaltsverzeichnis (Table of Contents)
- Executive Summary
- Introduction
- Clause-by-Clause Analysis
- Welcome Bonus
- Aeroplan ClassicPlus Flight Rewards
- CIBC Bonus Rewards
- CIBC Out-Of-Province Travel Medical Insurance
- AVIS Rental Car Discounts
- Purchase Security Feature
- Visa Auto Rental Collision/Loss Damage Insurance
- CIBC Select Visa Card Rate
- CIBC Payment Protector
- CIBC Visa Infinite Travel Concierge Service
- Discussion
- Managing Legal Risk
- Disputes/Dispute Resolution
- Agency Relationship
- Offer and Acceptance
- Legal Capacity
- Recommendations
- Legal Corrective Measures
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper examines a common credit card agreement from CIBC Visa, highlighting the legal framework and terms that are often overlooked by consumers. It aims to provide a clear understanding of the agreement, identify potential flaws and drawbacks, and suggest legal corrective measures to protect consumers.
- The importance of understanding contract law in everyday transactions.
- The analysis of a real credit card agreement and its legal implications.
- The identification of potential flaws and drawbacks in the agreement.
- The suggestion of legal corrective measures to protect consumers.
- The application of legal principles in the contemporary legal environment.
Zusammenfassung der Kapitel (Chapter Summaries)
The Executive Summary provides a brief overview of the paper's purpose and scope, highlighting the analysis of the credit card agreement and the identification of potential flaws and legal corrective measures. The Introduction explains the context of the paper, focusing on the complexities of credit card agreements and the need for greater consumer understanding. The Clause-by-Clause Analysis examines each clause in the agreement, highlighting key terms, potential ambiguities, and areas for concern. The Discussion delves deeper into the legal implications of the agreement, discussing key concepts such as risk management, dispute resolution, and agency relationships. The Recommendations section identifies specific flaws in the agreement and suggests practical solutions to ensure greater clarity and consumer protection. Finally, the Legal Corrective Measures chapter explores potential legal solutions to address the identified problems, proposing specific amendments to the contract.
Schlüsselwörter (Keywords)
This paper focuses on the legal framework of credit card agreements, analyzing a real-world example from CIBC Visa. Key themes include contract law, consumer protection, risk management, dispute resolution, agency relationships, and legal corrective measures. The analysis utilizes legal principles and terms, exploring the fine print of the agreement and highlighting potential flaws and drawbacks.
- Arbeit zitieren
- Cory Contini (Autor:in), 2009, The Fine Print. The Hidden Agreement, München, GRIN Verlag, https://www.grin.com/document/230615
