Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eronica takes over the family company 'Genuine Leather Goods Pty Ltd' , which manufactures handbags, belts, and wallets. At a family wedding Veronica was discussing

eronica takes over the family company 'Genuine Leather Goods Pty Ltd', which manufactures handbags, belts, and wallets.

At a family wedding Veronica was discussing with her husband that she needs to purchase new machinery to make the company more efficient. Her cousin, Andrew overhears the conversion between Veronica and her husband. He is a director of 'Equipment Sales Pty Ltd' which supplies plant and manufacturing equipment to factories.

Early Monday morning Andrew approaches his cousin offering to sell Genuine Leather Goods Pty Ltd machinery that will make the company more efficient by 30%. He says that he is prepared to sell the equipment to the company for $150,000 and that the offer will remain open until 5pm Friday. He further states that acceptance could be by post, fax, or email.

On Tuesday, Veronica on behalf of Genuine Leather Goods Pty Ltd sends Andrew an email accepting to purchase the machinery for $150,000.

Andrew delivers the machinery to Genuine Leather Goods Pty Ltd for installation and hands Veronica the invoice for payment.

Veronica says: 'Thanks Andrew I will instruct the bank to transfer $140,000 to your account straight away. I've decided to deduct $10,000 as a family discount."

Andrew demands the full amount of $150,000. Veronica says that as they are family, they don't have to strictly follow the agreement.

Using your knowledge of Contract Law, discuss whether Andrew can enforce the contract against Genuine Leather Goods Pty Ltd.

With reference to law, and precedent cases ONLY discuss the Element of Intention to be Bound between Equipment Sales Pty Ltd and Genuine Leather Goods Pty Ltd.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Criminal Law Cases And Materials

Authors: Joshua Dressler, Stephen Garvey

9th Edition

1647087708, 978-1647087708

More Books

Students also viewed these Law questions

Question

If H 0 : = 200 is to be tested against H 1 : Answered: 1 week ago

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago