Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in the UK. Essential if the installment contract involves consumer credit arrangements.
Consumer Rights Act 2015: Key legislation protecting consumer rights in the UK. Must be considered if one party to the installment contract is a consumer.
Unfair Contract Terms Act 1977: Legislation controlling unfair terms in contracts, particularly exclusion clauses and limitations of liability.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing late payment interest in B2B contracts, relevant for commercial installment arrangements.
Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK, may be relevant if the installment agreement involves regulated financial activities.
Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair trading practices, including misleading actions or omissions in contracts.
Consumer Contracts Regulations 2013: Regulations governing information requirements, cancellation rights, and additional charges in consumer contracts.
Financial Services Act 2012: Updates to financial services regulation, including amendments to consumer credit provisions.
Data Protection Act 2018/GDPR: Legislation governing the handling of personal data, relevant for record-keeping and information processing in installment contracts.
Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, and intention to create legal relations that form the basis of contract law.
Doctrine of Frustration: Common law principle dealing with situations where contract performance becomes impossible or radically different from what was originally contemplated.
Law of Misrepresentation: Legal principles governing false statements made during contract formation that induce parties to enter into the agreement.
Liquidated Damages Rules: Common law principles distinguishing between valid liquidated damages clauses and unenforceable penalty clauses in contracts.
