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A distant relative of Joan recently passed away, leaving her an antique grandfather clock. Joan has no particular need for a grandfather clock. It is large and loud and does not exactly fit with the rest of her decor.   She takes it to Auctioneers Are Us Ltd (AAUL) and asks them to sell it on her behalf. She signs a contract with AAUL, agreeing that they get to keep 30 % of the amount won at auction. Joan also stipulates in the contract that AAUL is not to sell the clock for less than ...

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Tags: Australia Melbourne Management health finance management  University of Melbourne Management 

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