BUSINESS LAW Part A – 5 short answer questions Explain

QUESTION

BUSINESS LAWPart A – 5 short answer questionsExplain subrogation in an insurance contractExplain the term bait advertisingWhat are 3 elements of valid contract?What is meant by “at most good faith”How can a contract be discharged?Part B – Case Stydy1) Sarah was catching a train with Mary. Sarah is a real estate agent and manages property. Mary asks advice about investing in a property Sarah manages. Sarah says it is a good buy. Mary invests 6 months later the property is devalued and her at a loss. Can Mary sue Sarah?It is released on negligence statement and USING IRACI – Does Sarah owe Mary a duty of careR- Shaddock VS Parramatta city council2)Discuss the difference between independent contractor and employee3) Mary and John brought a speed mixer advertised as better than leading brands. They find out it is not better and breaks. They find out it is not better and breaks. Advise using Australian Consumer Law Section 18 must included explain conduct , trade, commerce and misleading each and apply each element. R-McDonald VS MC William’s Wines Pty Ltd4)Sarah and John see a picture in the window with price tag of $1000.00. They go to the bank and take $1000.00 out. The sales assistant advices the price is wrong and it should read $10000.00. Can Sarah and John demand the painting for $1000.00?? Use 2 of IRAC – 1. Issue: is valid offer? 2. Issue: Is there acceptance? Rule – Caroolic Boots case

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