Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with this Facts: Dusky Bat is a Tasmanian businessman. He has recently sold a large parcel of land and has approached Trish

please help me with this

image text in transcribed
Facts: Dusky Bat is a Tasmanian businessman. He has recently sold a large parcel of land and has approached Trish Xarg's Financial Services Pty Ltd to seek some financial advice. The owner of this business, Trish Xarg prepares a statement of advice report for Thornton. Amongst the recommendations in the statement of advice report is one to purchase shares in Tas Cable Co Ltd, a company seeking to build a cable car on Mount Wellington in Hobart. Trish's advice confirms that shares in this company will double in value in twelve months. Also contained in the statement of advice report is a clause that says: 'This report provides general advice only and is not intended to be relied on. As this clause is on the last page of the report, Dusky Bat does not notice it. He pays Trish $3000 for the report and purchases $30 000 of shares in Tas Cable Co Ltd. Two months after purchasing the shares Tas Cable Co Ltd is placed into receivership and the shares are worth nothing. At this time Dusky discovers that its managing director was Trish's son. Required: Please advise Dusky. Do you believe he may have grounds for suing Trish or Xarg's Financial Services for breach of contract, misrepresentation or for breaching the Australian Consumer Law? Please illustrate your answer using case law, legal principles and legislation as applicable

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

Public Law

Authors: Mark Elliott, Robert Thomas

4th Edition

0198836740, 978-0198836742

More Books

Students also viewed these Law questions

Question

When determining where best to locate DC for a large

Answered: 1 week ago