TOTAL Term 1 STANDARD Examination 2018 Australian Commercial Law - LAWS20058 Answer all questions 60 MARKS Question 1 40 Marks You have a friend called Govindah who owns a pizza shop in Rockhampton. The business is going well but he lacks an understanding of financial matters. You regularly help him with his financial affairs, but when you enrol in an accountancy course, you no longer have the time to help. When you tell him this, he says that when you get your accountancy degree, he will hire you as a bookkeeper and accountant for the business and you will be paid a monthly salary of $7,000. When you complete your accountancy degree, you ask him for the job. He says he will hire you, but the amount of work will depend on the time of the year. Around the end of the financial year, you will have a lot of work and get $7,000 or more in salary, but at other times of the year you will get less work and much less money. Assume that you are a professional asked to provide the following legal advices. (Confine yourself to the law studied in the unit). (a) You would like to enforce Govindah's promise to provide you with a job at a salary of $7,000 per month, but there are legal problems with enforcing it as a contract. Explain what those legal problems are. (10 Marks) (b) There are also legal problems with enforcing the promise under the law of estoppel. Explain what the law of estoppel is and what those problems are. (10 Marks) (c) Could it be argued that Govindah has engaged in misleading and deceptive conduct under the Australian Consumer Law? Give reasons for your answer. (10 Marks) (d) Analyse whether the common law of misrepresentation could apply here. 2 (10 Marks)