Q&As

What are the legal principles behind time share misselling?

read titleRead full title
Copyright © 2025 LexisNexis
Published by a LexisNexis Corporate Crime expert
Published on: 15 June 2016
imgtext

Background

The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (the Regulations) SI 2010/2960 apply to the sale and marketing of 'timeshare contracts'—a contract of a duration of more than one year under which a consumer, for consideration, acquires the right to use one or more overnight accommodation for more than one period of occupation (including boats and caravans).

The Regulations only apply to contracts between a 'trader' and 'consumer'. A 'trader' is defined as a person acting for the purposes relating to that person's trade, business, craft or profession or anyone acting in the name or on behalf of such a person. This includes contracting parties or agents for contracting parties.

Traders are under an obligation to comply with the Regulations and failure to do so would constitute a criminal offence (see below)

Misselling Offences

Pre-contractual key information

SI 2010/2960, Regs 12–14 set out the key information which must be provided before a trader enters into a contract with a consumer. These include requirements relating to format in which the key

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Share definition
What does Share mean?

A stake in a company which confers ownership rights on the holder. shares are also known as equities.

Read more readmore

Popular documents

If planning permission imposes restrictions on a licensed premises opening hours, once operational can

If planning permission imposes restrictions on a licensed premises opening hours, once operational can the personal licence holder apply for a Temporary Events Notice (TEN) to open for longer hours than those permitted in the planning permission?To use any property for a licensable activity both

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Brussels I (recast)—domicile (Arts 4 and 63) [Archived]

Brussels I (recast)—domicile (Arts 4 and 63) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note considers the general rule set out in Article 4 of Regulation (EU) 1215/2012, Brussels I (recast) when determining the relevance of a defendant’s domicile to

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a