What will you advise grant who has come to you

Assignment Help Business Law and Ethics
Reference no: EM131034261

Problem 1

On 1 January 2015, Bill borrowed $5,000 from Anne, with the money to be repaid
on 1 January 2016, together with interest of $500, making a total of $5,500.

On 28 November 2015, Bill told Anne that he had lost his job and asked her if she would accept $4,000 on 1 January 2016 in full settlement. Anne promised that she would accept $4,000 on that date in full settlement and not sue Bill for the outstanding $1,500.

On 1 January 2016 Bill paid Anne $4,000 thinking that the matter was finished. However, one week later Anne sued Bill for the balance of $1,500.

(a) Will Bill have to pay this amount to Anne?

(b) Would your answer be different if they both agreed that Bill would pay the $4,000 on 12 December 2015 and Bill paid on that earlier date? Explain your answer.

Problem 2

Eric asks his very close friend Michael, "Would you like to buy my excellent 1998 Commodore for $2000?" Michael accepts Eric's offer because he has always wanted that particular model of car. They agree to meet at the SCU car park on Friday at 1.00 pm when Eric will hand over the car and Michael will hand over the $2000 in cash.

They meet at the agreed time and place and Eric hands over the car, keys and signed registration papers to Michael. But, in his rush to get to an important meeting, Eric doesn't check the money in the envelope. Later that evening he discovers that Michael has paid him 2,000 in Hong Kong dollars which equals just 360 Australian dollars. When Eric tells Michael that he was supposed to pay 2,000 Australian dollars, Michael points out that there was no agreement about any particular national currency and all he was required to do under the contract was pay $2,000, which he had done.

Eric seeks your advice as to whether or not he can sue Michael for a breach of contract, claiming that Michael was required to pay him AUD 2000, not HKD 2000 even though there had been no mention of currency at the time of the agreement. What is your advice?

Problem 3

George sees a big sign in the window of the local video shop advertising a special membership offer of 100 overnight DVDs for the next three months for only $100. The sign also lists the numerous terms and conditions of the membership contract. George pays his $100 joining fee and commences to enjoy recently released movies at that cheap price.

Several weeks after joining George rents an overnight DVD and, because he falls ill, does not return it for eight days. When he does return the DVD, the shop owner tells him that he must pay an extra $140, referring George to a term of the contract that states:

"Hire of DVDs under this agreement is restricted to overnight hire only. Any such DVD not returned by 3pm on the following day must be paid for at the rate of $20 per day."

The normal late fee in other video shops is normally $5 per day. Advise George.

Problem 4

Grant sells second hand motor vehicles from his Sydney car yard. Grant enters into a contract with Eagle Eye Security whose guards are required to patrol his premises every night. One night Andy, the security guard on patrol, lights a cigarette and throws the match into what he thinks is a puddle of water but is, in fact, oil which catches fire and then causes an explosion that destroys the car yard and all the vehicles contained therein. The contract between Grant and Eagle Eye includes the following clause:

Eagle Eye Security shall not be responsible, under any circumstances, for damage or injurious act caused by an employee of the company unless such act could have been foreseen and avoided by the exercise of due diligence on the part of the Company as his employer.

a) What will you advise Grant who has come to you very distressed and fully expecting to successfully sue Eagle Eye? (NB ignore any possible statute law issues)

b) Ignoring any possible statute law issues, what would your advice be if the clause was different to the one above, instead stating the following?

Eagle Eye Security does not accept responsibility for any loss or damage to property however such loss or damage may arise or be caused.

We are looking forward your assistance to do our business law assignment as we have four legal issue and we have to use law in commerce (5th edition) text book for that assignment and the due date for that assignment is today midnight. so can you do our assignment?

Reference no: EM131034261

Questions Cloud

The division of supervisory between the asx and asic : In your view is the division of supervisory between the ASX and ASIC appropriate? outline who is responsible for what, note if there is any cross over and/or conflict of interest in the current arrangement.
Running the right play in the right country : Why has eBay become such a successful and diverse online marketplace? Visit the eBay website to help with your answer and check out the many trading categories, specialty sites and other features.  Is eBay's move into the international arena a good l..
Determine the total entropy change for the mixing process : Determine the total entropy change for the mixing process per unit mass of mixture.
Outline some of the requisite elements of law of contract : Outline some of the requisite elements of law of contract that make it enforceable.
What will you advise grant who has come to you : What will you advise Grant who has come to you very distressed and fully expecting to successfully sue Eagle Eye? (NB ignore any possible statute law issues)
Analyze issues relating to corporate social responsibility : Analyze the issues relating to ethics and corporate social responsibility for an organisation. You also evaluate strategies used by organisations to develop appropriate programs to address ethics and CSR issues.
Determine the work output of the turbine per unit mass : An equimolar mixture of helium and argon gases is to be used as the working fluid in a closed-loop gas-turbine cycle.
Define the components of chemical processing plant in msr : What are the main problems of SMART SMR? Define the components of "Chemical Processing Plant" in MSR? How can SCWR achieve thermal efficiency (>40%) comparing to a PWR's efficiency
Focused on a specific segment of the hospitality industry : Choosing a professional organization focused on a specific segment of the hospitality industry that you are interested in (American Hotel & Lodging Association, National Restaurant Association)

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  Net income is the profit earned

Net income is the profit earned (or the loss suffered) by a firm during an accounting period after the cost of goods sold and all expenses have been deducted from revenues.

  Importance of note taking as relates to criminal investion

Notes are brief records of things that have been seen or heard. Explain the importance of note taking as it relates to a criminal investigation

  Explain cooleys argument in genetically modified organisms

explain cooleys argument in genetically modified organisms and business duties. what would cooley say about the

  Various perspectives of the policing function

Write a 1,050-1,750-word paper in which you examine the various perspectives of the policing function from the local, state, and federal organizational levels

  How do you improve a performance

A business case imitates or simulates a real situation qCases can range from one (1) page to sixty (60) or more pages

  Did the pahler court use the same reasoning

Did the Pahler court use the same reasoning as used in Bailey v. Eminem? Should the court's decision in Pahler be different because a young girl was murdered

  What your views are on the purpose of the appellate courts

State what your views are on the purpose of the appellate courts. Where do courts get their power? Do the states have the same court structure and rules? Is there a right to an appeal? Is this a constitutional right

  Who accused him of stealing a bottle of advil

Orlando, visiting California from New Jersey, was shopping at Save-Mart, a California corporation, when he was stopped by a security guard who accused him of stealing a bottle of Advil he had in his pocket

  Nominated mp faizah jamal

Mr Lien and Mrs Chiam cited Hong Kong, where homicide rates fell after the death penalty was abolished in 1993.Nominated MP Faizah Jamal asked the Government to publish more data on the link between the death penalty and low crime rates.

  Protection of critical infrastructure and key resources

Your director is not aware of the involvement of the Department of Homeland Security (DHS) with private enterprise and has requested an information paper that provides her with an explanation about why this is important and how the DHS engages pri..

  Summarize the occupational and safety and health law

Summarize the Occupational and Safety and Health Law (OSHA). Then describe the workplace security steps you have experienced in the workplace

  Why would states place sentenced juveniles in public

The majority of states place juveniles sentenced for "crimes" in public facilities. In private facilities for "status offenses", or "voluntary placement". What is the difference and why would states place sentenced juveniles in public rather tha..

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