Nobody downloaded yet

Australian Business Law - Essay Example

Comments (0) Cite this document
Summary
AUSTRALIAN BUSINESS LAW (Insert Name Here) (Course Name here) (Professor Name here) (Month, Day Year) PART A: CASE STUDY Peter has just completed his high school final year and did very well in University entrance examination. He has been offered a place in Bachelor of commerce degree…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Australian Business Law
Read TextPreview

Extract of sample "Australian Business Law"

Download file to see previous pages Peter has $5,000 in his savings and intends to use this to purchase a state of the art bicycle and textbooks. Peter searches the internet for online bicycle stores as he had heard that you can have a good deal of second hand bicycles online. Peter finds a good selection on tourbikes.com.au (Tour bikes). The bicycle he finds is described as follows. “This is one of the most sought after bicycles we currently have in stock. It is the same model that was used by Cadel Evans when he won tour de france, a cadel evans “GF”. This model is in short supply in the second hand market and presents a rare opportunity for purchasers. This bicycle has been completely restored and refurbished. There are new tyres and new chain. The seat is extremely comfortable and comes in a dashing green colour. This bike is joy to ride. $6,000. Payment is due upon delivery” Peter really wants to purchase this bicycle but doesn’t have sufficient amount of money for the same and his textbooks. Peter wants to know a little more about the bicycle, so he telephones the owner and sole proprietor of tourbikes, sally. Peter asks what it means in the advert that it has been “restored and refurbished”. Sally responds that: “That means that we have ensured that the frame of the bicycle is sound and has been repainted. It also includes replacement of gears and replacement of any damaged spokes.” Peter thanks sally and immediately email tour bikes the following information. “I would like to purchase the Cadell Evans GF that is advertised for sale on your website. I believe that a second hand is only worth $4,000 at best. Please advice if you are willing to sell to me the bicycle for this amount via email by close of business tomorrow. I would also like you to arrange for immediate delivery.” Immediately, Burt a middle aged cycling enthusiast has also seen the bike advertised for sale at tour bikes website. He is a Cadell Evans fan and also emails tour bikes at the same time that Peter does. “ I want to buy the Cadell Evans GF that has been listed. I will pay you $5,000” Sally reads the emails as soon as they enter the inbox and replies to Burt’s only. “Thank you for your interest in our product, the Cadell Evans restored bicycle. I cannot sell that amazing bicycle for that little. However, I will accept $5,500” Burt does not respond until 4pm the following day “Thank you for your response but I don’t think the bike is worth that much. I am no longer interested.” Sally really needs to sell the bike. She has an outstanding account with her creditors and needs to make a payment of $4,000 within the next few days otherwise she runs the risk of the bank foreclosing on her mortgage. Sally checks the time and it is 4:30pm and notes that she still has 30mins before close of business. She emails peter. “Thank you for your interest in our product. The Cadell Evans restored bicycle. I will sell the bike to you at $4,000. I have organized immediate delivery. Payment of $4,000 is due upon delivery as specified.” The email enters Peter’s inbox at 4:45pm, (15 minutes to Closure of Business). Meanwhile, Peter is on orientation camp at the University and does not have access to his email for a period of three days. When peter returns home and checks his email, he sees an email from Sally. Peter emails Sally saying that he is sorry and he is no longer interested in buying the bicycle. He no longer wants to buy such a good bicycle for his courier job as he has just heard ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Australian Business Law Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/law/1397898-business-law
(Australian Business Law Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/law/1397898-business-law.
“Australian Business Law Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/law/1397898-business-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Australian Business Law

Business law

...? Business Law: Breach of Verbal Promises- A Context to Australian Court of Instr7utor] of Business Law:Breach of Verbal Promises- A Context to Australian Court Synopsis: This paper aims to discuss the aforementioned statement regarding breaching the oral or verbal promises with the help of legal approaches to breach namely Parole evidence rule and collateral contract. The paper is about the concepts of legalities which fall under the common law being practiced in Australia. Considering the business sphere and daily dealings among enterprises, it is important to take the agreement written or oral under evolution and...
9 Pages(2250 words)Essay

Australian business law

...subsequent which requires the fulfillment. Anthony failed to fulfill the condition and therefore he is liable, and not Casino. Though this is the primary views of laws, it can be argued that Anthony was mistaken in contract and clock room didn’t act in god faith. Anthony didn’t realize the strictness of the terms and he didn’t read it. So he is mistaken and the contract with mistake of one or both parties is void. Secondly, clock room has been supposed to notify him to read the writing, but they didn’t act in good faith and therefore the contract is void. Bibliography Duncan, W.D, Joint ventures law in Australia, Revised second edition (2005), Federation Press, Groves, M and Lee, H P,...
6 Pages(1500 words)Essay

AUSTRALIAN CORPORATIONS LAW: GENERAL

...in the electric engine is consistent with the duty to take account of the impact of the company’s operations on the community and the environment. Unlike S. 180 of the Corporations Act 2001, Section 172 of the Companies Act 2006 mandates that UK companies act in a manner that is consistent with stakeholder interests. Therefore under the Companies Act 2006, the directors would not be found to be in breach of their duties as they are only acting in a manner consistent with Section 172 of the 2006 Act. Bibliography Textbooks Clarke, T. International Corporate Governance: A Comparative Approach. (Psychology Press 2007). Latimer, Australian Business Law 2009. 28 Edition, (CCH Australia...
8 Pages(2000 words)Research Paper

Australian taxation law

...? [Manager] 28 May AUSTRALIAN TAXATION LAW The fringe benefits tax liability of Chatswood Pty Ltd for the year ended 31 March 2011, shall be based on the ‘Higher gross-up formula (type 1), which means that the higher gross-up formula was introduced to avoid allowing employers the benefit of GST credits for goods and services purchased for the private use of employees. The higher gross-up rate effectively recovers the GST credit you can obtain in providing a fringe benefit. The following formula is used to calculate the higher gross-up rate:’1. Type 1 FBT rate + GST rate aggregate fringe x ______________________________ benefits amount (1 – FBT rate) ? (1+GST rate) ? FBT rate Hence, the following benefits...
8 Pages(2000 words)Assignment

Australian Law

...The Role of The Parliament and the Courts in the Law making process In Australia, the parliament and the court work had in hard in making new legislations. The court cannot function until the legislature creates rules in accordance with the constitution that make it to go into effect. However, after the courts have been created, the legislature activities get to be thoroughly scrutinized by the courts to ensure that they it do not involve in dealings that are not in the interest of the common citizens. This means that although the legislature had the power to make laws governing the land, these decisions can be challenged in a court of law. Legislative issues arising from the legislature...
4 Pages(1000 words)Coursework

Australian law

...of Professional Advisers The Australian consumer law is seen to set a minimum set of standards to be observed as market place behavior in commerce and trade. As a result of the act defining both commerce and trade to also be including any professional or business activity, the act is seen to also apply to the provision of legal services in the same manner that it makes provisions of other businesses, commerce, professional services and trade. The consumer law has several implication on the overall liability of professional advisers. One of these is seen in Seven Network Ltd v news Ltd (No 12) [2006] FCA 348. Professional advisers who happen to receive...
4 Pages(1000 words)Essay

Australian Law

...?Australian Law Discuss why the decision of the High Court that a recently enacted Statute is unconstitutional would be seen by the Government more as a serious set-back to its legislative reform programme than a decision by a Judge of the Supreme Court interpreting the meaning of a key provision in the Statute in a manner contrary to the Government’s intentions, as demonstrated by the speech of the Minister concerned, when he/she introduced the proposed legislation in Parliament. Introduction: The Australian High Court is the Supreme Court in the hierarchy of Courts in Australia and also the last Court of Appeal. It has both appellate and original jurisdiction, the authority of judicial evaluation over laws and regulations passed... system...
3 Pages(750 words)Essay

Australian Business Law

...to challenge their dismissal. This is not the case for independent contractors. However, the obligations of a principal of a contractor as opposed to an employee are the same such as the obligation to provide the worker with a safe workplace, principal must ensure that the contractor is covered by a workers' compensation policy.2 In other cases, the principal must make superannuation guarantee contributions on behalf of the contractor. Additionally, employers do not have to cover independent contractors under workers' compensation insurance, and are not liable for payments under disability insurance, unemployment insurance, or social security. Reference: Latimer, p 2002, Australian Business...
16 Pages(4000 words)Essay

Business Law - s 18 of the Australian Consumer Law within the Competition and Consumer Act 2010 (ACL)

...Business Law - s 18 of the Australian Consumer Law within the Competition and Consumer Act (ACL) Introduction Australian Consumer Law is a uniform law nationally, meant to protect the consumers, and help them have a fair trading environment. It has three general protections which are; specific bans on unconscionable conduct in some business transactions and consumer transactions, and a general ban on unconscionable conduct in commerce or trade, a general ban on deceptive or misleading conduct in commerce or trade, and a provision that nullifies unfair contract terms in consumer contracts1. This paper is a...
8 Pages(2000 words)Assignment

Business Law - S 18 of the Australian Consumer Law within the Competition and Consumer Act 2010 (ACL)

...Business law - s 18 of the Australian Consumer Law Within the Competition and Consumer ACT (ACL) Done By: Ghanima AL-Asfour VU ID: 3929137 ACK ID: 0804060 Question one The ACL (popular as the Australian Consumer Law) came active since January in the year 2011. It was the single law addressing national consumer protection. It also focused on replacing the previous Trade Practices Act through specifically setting out the customers’ rights that the manufacturers and suppliers were expected to meet. Such rights are commonly dispensed as the ‘consumer guarantees’. Neither individuals nor firms can avoid responsibility of...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Australian Business Law for FREE!

Contact Us