Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do the following contracts fall under the provisions of the Australian Consumer Law (ACL) relating to the four consumer guarantees (Ss 54-57)? For each part:

Do the following contracts fall under the provisions of the Australian Consumer Law (ACL) relating to the four consumer guarantees (Ss 54-57)?

For each part:

Answer Yes or No and

Explain your answer with reference to the relevant ACL section.

Each part is worth 2 marks

a.International Wheat Corporation (IWC) buys a Rolls Royce for $300,000 from Pure Luxury Autos P/L for its CEO, Kristy

b.Steel Fabricators P/L pays $39,000 for a container of tin and steel shipped from the USA with which it will build house frames for a new housing development

c.Charlotte buys a painting for $42,000 from a top-end art gallery

d.Jane purchases a second hand computer from a fellow student at her university residential college for $4,000

e.Mick buys a large trailer from Trailers R Us P/L for $15,000 to be used for political advertising signage in future election campaigns.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

5th Edition

0135811600, 978-0135811603

Students also viewed these Law questions