Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 4 Do the following contracts fall under the provisions of the Australian Consumer Law (ACL) relating to the four consumer guarantees (Ss 54-57)? For

QUESTION 4 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 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

Principles Of Auditing An Introduction To International Standards On Auditing

Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage

2nd Edition

0273684108, 978-0273684107

More Books

Students also viewed these Accounting questions

Question

Show That Cv=-T

Answered: 1 week ago

Question

Evaluate each of the following. $ 300 [1 1 (1 + 0.03) 2 0.03]

Answered: 1 week ago