6:53 M O \\ Fnriall 60% = The Open Polytechnic of New Zealand Ltd 3 Ver: A2.3 Task 3: Discharging Contracts Cristina Murray, a real estate salesperson, helped Paul and Sue Owens purchase a property. The contract they signed stated that Paul and Sue would pay the purchase price by a specific date and Cristina would facilitate the transfer of ownership. However, Paul and Sue decided to buy a different property, and they didn't pay the purchase price by the agreed-upon date. As a result, the contract was terminated. Analyse the scenario above and answer the following questions: a. How could Paul and Sue have discharged the contract through performance? b. How could Paul and Sue and Cristina have discharged the contract through agreement? c. Did Paul and Sue's unwillingness to pay the purchase price by the agreed-upon date constitute a breach of the contract? If so, how could the contract be discharged through breach? (Word count guideline: 150 words) Task 4: Agency Law You are a real estate licensee, and you are meeting with a prospective client, Aaron Harmon, who is interested in selling his property. During the meeting, you explain the terms of the agency agreement that he would need to sign if he decided to engage your services. You explain that the Code of Conduct Rules require you to provide specific information in writing before he signs the agreement. You provide Aaron with a copy of the agreement and explain more about the agency agreement. After you have provided Aaron with this information, he asks you several questions about the agreement and the process of selling his property. Please answer the following questions based on the scenario: a. What information must you provide to Aaron in writing before he signs the agency agreement? Reference the Code of Conduct Rules that apply. b. Is Aaron required to agree to any additional expenses? Reference the Code of Conduct Rule that applies. c. Where can Aaron find further information on agency agreements and contractual documents? d. What other questions might Aaron ask you about the agency agreement or the process of selling his property? (Word count guideline: 200 words) The Open Polytechnic of New Zealand Ltd 4 Ver: A2.3 Task 5: Types of agency agreement |1 O <