Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Name and discuss 3 types of security that might be given under a building or construction contract. In relation to bank guarantees, what does the

  1. Name and discuss 3 types of security that might be given under a building or construction contract.
  2. In relation to bank guarantees, what does the principle of autonomy say?
  3. What is the PPSR and why do we use it?
  4. Sally decides to open an ice cream shop. She incorporates a company, finds premises, signs a lease, and her company engages Charles to do the building work necessary to fit it out. This includes changing the windows to bi-fold doors, building in cabinetry and booths, installing a kitchen, and also sourcing and supplying loose furniture such as tables and chairs for use outside.
  5. Construction was delayed so that instead of opening the shop in November like Sally hoped, the shop is not ready until late June. None of the delays are Charles' fault - they all relate to government planning issues. Charles does the work and issues his invoice, but Sally refuses to pay it. In fact she has no money to pay it because it is cold, wet and dark and no one wants to buy her ice cream?
  • Charles asks you for advice about whether he can just go back into the premises and rip out his fit out. What do you tell him?
  • Would your response be different if Sally's company had gone into liquidation?
  • If Charles had come to you for advice before he entered into the contract with Sally's company, what would you have told him about protecting his interests?

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

Law Express Medical Law

Authors: Jonathan Herring

7th Edition

1292295546, 978-1292295541

More Books

Students also viewed these Law questions