For each of the following scenarios, answer these two questions:

1.Does the contract fall under the provisions of the Australian Consumer Law (ACL)? (Answer 'yes' or 'no')

2.With reference to the ACL, explain why you said yes or no.

a)Peach purchases a large silver and glass display cabinet for $32,000 for her clothing and jewellery shop.

b)Maddy buys a second-hand BMW from her professor, Zoe, for $10,000.

c)A large furniture company pays $9,000 for precious walnut timber to build a cupboard.

d)Brittany buys herself a brand-new Corvette for her 21^st birthday for $120,000.

e)Oliver makes the winning bid of $5,000 for a set of golf clubs at a traditional auction.