BTF1010 Study Guide - Midterm Guide: Specific Performance, Consideration, Collateral Contract

• School: Monash University
• Department: Business - BTF
• Course: BTF1010
• Professor: Professor

Document Summary

These (cid:395)uestio(cid:374)s (cid:449)e(cid:396)e (cid:449)o(cid:396)th t(cid:449)o (cid:373)a(cid:396)ks ea(cid:272)h o(cid:374) a past se(cid:373)este(cid:396)(cid:859)s test. Business is booming, so he decides to renovate his office premises. During a meeting with mark, the managing director of elite. Constructions pty ltd, specific details of the refurbishment are discussed and agreed upon. Before sig(cid:374)i(cid:374)g the (cid:272)o(cid:374)tra(cid:272)t, paul seeks (cid:272)o(cid:374)fir(cid:373)atio(cid:374) of mark(cid:859)s state(cid:373)e(cid:374)t that the i(cid:374)terior offi(cid:272)e (cid:449)i(cid:374)do(cid:449)s (cid:449)ill be frosted, to ensure privacy when meeting with clients. Mark assures him that this will be the case. Upon completion of the renovations, paul is dismayed to discover that the interior office windows have clear panes. The (cid:272)ou(cid:396)t is likely to de(cid:272)ide that as the(cid:396)e is a (cid:449)(cid:396)itte(cid:374) (cid:272)o(cid:374)t(cid:396)a(cid:272)t, ma(cid:396)k(cid:859)s state(cid:373)e(cid:374)t has (cid:374)o legal effe(cid:272)t. The (cid:272)ou(cid:396)t is likely to de(cid:272)ide that ma(cid:396)k(cid:859)s state(cid:373)e(cid:374)t is a (cid:272)o(cid:374)ditio(cid:374) of the contract, which has been breached, with paul then entitled to damages.