Advise nathan if there is a valid contract

Assignment Help Accounting Basics
Reference no: EM13296675 , Length: 2500 Words

Question: Nathan was born in Sri Lanka and recently arrived in Australia on a boat. He holds a refugee visa and is currently living in Adelaide. He speaks very little English. One sunny afternoon while he was walking down Rundle Mall he was approached by John, a sales representative from a telephone company, Dubious Connections Pty Ltd, who was selling telephone contracts. John was struggling to meet his sales quota and needed to sign up 10 more contracts by the end of the week. He told Nathan about the contracts he was selling. Nathan had been recently thinking about getting a mobile phone as it would be useful for him, especially to be connected with his family back home. As he had neither owned a phone nor had he ever entered into a telephone contract before, he knew virtually nothing about such contracts, and John was aware of this. John told Nathan that there was a special promotion just for that day and if Nathan signed up today he was entitled to a free i0S7.1 telephone. John explained the main features of the contracts but knew that Nathan did not understand most of what John told him, neither did he offer to get an interpreter to explain the terms and conditions of the contract to Nathan. Nathan was under the impression that he could terminate the contract any time he wanted and simply return the phone. In fact the contract was for a three year term and if the contracted was terminated anytime during this period Nathan would have to pay the full contract price of $3120 plus the price of the iOS7.1 which was an additional $800. After two months into the contract Nathan found the additional expense of this monthly phone bill difficult to manage with the meagre allowance he received from Red Cross. He wants to terminate the contract and return the phone.

Advise Nathan if there is a valid contract with Dubious Connections Pty Ltd, and any remedies that may be available to him. (Make reference to relevant case law and support your answer).

Word Limit: 2500 

 

 

Verified Expert

Reference no: EM13296675

Questions Cloud

Estimate force r on reducer when water flows through reducer : For any flowrate, the pressures in the pipes upstream and downstream of the reducer are expected to be related by using Bernoulli's equation where p1 and p2 are the upstream and downstream pressures and V1 and V2 are the upstream and downstream ve..
Explain what is the volume of ammonia gas measured : What is the volume of ammonia gas, measured at 489.9mmHg and 37.4oC, is required to produce 8.41g of ammonium sulfate according to the following balanced chemical equation
Find the hydroxide-ion concentration of this solution : A 150 Newton horizontal force pushes a 20 kg mass sitting on a horizontal surface. Additionally, the horizontal surface exerts a 50 Newton frictional force on the mass. find the hydroxide-ion concentration of this solution
Define the molar heat capacity of silver : The molar heat capacity of silver is 25.35 J/mol (degrees C). How much energy would it take to raise the temperature of 11.8g of silver by 16.2 degrees C
Advise nathan if there is a valid contract : Advise Nathan if there is a valid contract with Dubious Connections Pty Ltd, and any remedies that may be available to him. (Make reference to relevant case law and support your answer).
What is the stress in the fibula : High jumpers usually sustain fractures in the lower third of the fibula. The world record for the high jump is held by Javier Sotomayor (Cuba) at 2.45 m (1993). what is the stress in the fibula
Determine what is the instrumental and statistical error : During an experiment, the depth of a water flow in a flume is measured five times by using a ruler with 1/16-in division. The results from these measurements are 4.88 in, 5.06 in, 5.03 in, 5.13 in, 4.94 in. What is the instrumental error and what ..
What is the tension in the cable slanted : Consider the 30N weight held by two cables shown below. The left-hand cable is horizontal. What is the tension in the cable slanted
Explain the octet rule to predict the formula of compound : Use the octet rule to predict the formula of the simplest compound formed from hydrogen and silicon.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the cost ratio

Determine the cost ratio (retail method) for T games and comics store if the cost of goods available for sale is $36,000 and the retail value of goods available for sale is $90,000

  Recording federal income tax transactions and cash

On December 31, 2012, the accountant had estimated the total tax for 2012 to be $123,600 and had recorded a liability of $3,600 for federal income tax payable.

  Difference between profit and cash change

The general manager was confused because the company had a $9,000 profit, yet seemed, as noted above, $10,000 worse off in its cash position. Explain briefly how, in general, this difference between profit and cash change can happen.

  Carrying value of montana inventory

Montana Co. has determined its year-end inventory on a FIFO basis to be $600,000. Information pertaining to that inventory is as follows: What should be the carrying value of Montana's inventory?

  Compute conrad itemized deductions

Conrad, who is single, had agi of $361,850 during the year. He incurred the following expenses and losses during the year:

  Depreciating the equipment on a straight-line basis

At the date of transfer the land and equipment had fair values of $72,000 and $65,000, respectively. Gleason had been depreciating the equipment on a straight-line basis over ten years with no salvage value.

  Calculate the contribution margin ratio

The expected scrap value of the non-current assets at the end of year 4 Is R375000. The cost of capital Is 12% - on the basis of its Net Present Value (NPV), whether the Investment should be favourably considered.

  What is the total revenue variance

What is the total revenue variance?

  The standard costs and actual costs for factory overhead

The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:

  Contribution the property to the partnership

Would your answers to (a) and (b) change if Gabriella originally contributed the property to the partnership in 1999?

  Muriel taxable income problem

Muriel, age 70 and single, is claimed as a dependent on her daughter's tax return. During 2009, she had interest income of $2,400 and $800 of earned income from babysitting. Muriel's taxable income is what?

  Determine the correct year-end amount of the total assets

Use the following schedule, determine the correct year-end amount of the (1) total assets (2) total liabilities, (3)owners' equity, and (4) net income.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd