Assignment代写TABL 1710 BUSINESS AND THE LAW

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    TABL 1710 BUSINESS AND THE LAW
    TABL 1710 BUSINESS AND THE LAW
    MAJOR ASSIGNMENT: SEMESTER 2, 2016
    Worth 25 marks –  10 marks for each question plus 5 marks for research
    and presentation
    Total length: 2000 words
    Answer BOTH questions
    Due date: Tuesday 4 October 2016, by 5pm
    (SUBMISSION VIA TURNITIN ONLY – see Moodle and also see Course
    Outline at para 8.3 for Submission Procedure)
    Question 1 (10 Marks)
    Better Brakes Manufacturing Ltd (the manufacturer) entered into an exclusive contract (the
    contract) for the sale and distribution of its premium brakes with Steve Auto Supplies Pty Ltd (the
    dealer).
    Under the contract the dealer agreed:
    1. not to give a discount greater than 10% off the recommended retail price set by the
    manufacturer to any of its retailers, and
    2. to obtain an undertaking from its retailers that they would not sell below the
    manufacturers price.
    The contract was mutually advantageous for both the manufacturer and the dealer until one of its
    retailers, Mick’s Mechanics, (the retailer) started to discount the brakes by up to 20% off the retail
    price set by the manufacturer.
    The manufacturer is outraged and wants to sue both the dealer and the retailer for breach of
    contract.
    Advise the manufacturer and give reasons for each of your answers:
    1. whether it will be able to enforce the recommended retail price condition in its contract
    upon the dealer and the retailer,
    2. Whether your answer would be different, if the retailer was a party to the contract,
    3. Whether your answer would be different, if the retailer was an agent of the dealer.
    Refer to relevant case law and legal principles. Apply the Common Law only. Do not apply the
    Competition and Consumer Act 2010, nor any other piece of legislation.
    Question 2 (10 Marks)
    Sweeney Pty Ltd. ABN 350032 (Sweeney), a building and construction company, received advice that
    it should invest in the share market as part of its overall risk management plan for future growth and
    tax effectiveness.
    With that objective in mind, Sweeney’s directors met with and agreed to appoint Quality Merchant
    Brokers Ltd (the stockbrokers) to be its stockbrokers. A written contract was prepared by the
    stockbrokers. One of the questions on the contract was whether Sweeney authorised the Brokers to
    trade at its discretion. The other question was whether Sweeney authorised the Brokers to operate a
    discretionary account. Sweeney’s directors answered ‘No’ to both questions and signed the contract
    on behalf of Sweeney.
    The Broker engaged in ‘day trading’ investing in risky commodities in the hope that those
    commodities would increase in value before the end of trade, making profits. By the end of the first
    day’s trade, the broker had made a significant loss. Without authority, one of its employees
    continued trading over many weeks and losses exceeding one million dollars were sustained by
    Sweeney.
    You have been asked to advise Sweeney whether it will be successful if it sues the Brokers on the
    contract. You have read the contract and note that the following two exclusion clauses are in the
    contract:
    ‘6. [Sweeney] …. acknowledges that [the Brokers] will not be responsible for any loss should
    [Sweeney] follow any of [the Brokers’] trading recommendations, nor any loss, in the case of
    discretionary accounts arising from trading by the [Broker] on [Sweeney’s] behalf.’
    ‘7. any liability on [the Broker’s] part or on the part of its servants or agents for damages arising out
    of the contract, however such liability arises, shall not exceed one hundred dollars.’
    Advise Sweeney:
    Assignment代写TABL 1710 BUSINESS AND THE LAW
    1. What is meant by an exclusion clause,
    2. Whether Clauses 6 and 7 are effective exclusion clauses, which the brokers can use to defend a
    claim for breach of contract by Sweeney. Refer to the rules developed by the Common Law to
    interpret exclusion clauses.
    Important: Do not advise Sweeney on the law of negligence
    Do not refer to the Competition and Consumer Act 2010, the Australian Consumer law, the
    Corporations Act 2010, nor any other legislation in answering this question.
    Research and presentation (5 Marks)
    Students will be marked out of a total of 5 (over both questions) for compliance with Appendix A –
    Style guide and written submission outline, Course Outline. This includes:
      Demonstrating research beyond the text book
      Clarity of structure and argument
      Appropriate use of footnotes and referencing (including a bibliography).
    Assignment代写TABL 1710 BUSINESS AND THE LAW