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Legal Fundamentals for Business

Legal fundamentals for Business. Repeat Assignment. This is an individual assignment. You must complete it on your own. Copying and pasting material from elsewhere will ...

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HI6027 Business and Corporate Law

Question

Answered

Questions:

Question 1:

What is the parol evidence rule, and what is the court’s reasoning in applying the rule?

Question 2:

List and explain the exceptions to the parol evidence rule. 

Question 3 :

What is Termi Fab is a steel fabrication business operating in Adelaide? The business is owned by Pedram. The business has a current 10-year lease of the factory where its manufacturing operations are run. Pedram has just been awarded a contract to supply steel frames that will be used in the building a commercial shopping centre in the Adelaide CBD. Under the contract, Pedram will start supplying steel frames to the shopping centre developer in 90 days. The construction period is estimated at 24 months, and Pedram is expected to supply steel frames for 16 of those months.

Question 4:

Samuel Finley has two children, a daughter Lee and a son Keaton. Samuel has a lovely beach house in Palm Beach. Sam is terminally ill and has been told by his doctors that he has less than a year to live. Lee knows that Keaton is their father’s favourite child and that he had been named in the latter’s will to inherit the beach house. Lee knew that since their father did not have long to live and that he was 90 years old and starting to become mentally-weak, she could pressure him to transfer the Palm Beach beach house over to her even though Samuel may not totally understand what he was signing over. So, for four months, using pressure and threats, but more often with gentle but devious tactics, Lee succeeds in convincing Samuel to sign a transfer of property transferring the Palm Beach beach house over to her. As his last act, before he dies, Samuel wants to set aside the transfer of the beach house to Lee. Advise him of his legal position.

Topic:

TermiFab is a steel fabrication business operating in Adelaide. The business is owned by Pedram. The business has a current 10-year lease of the factory where its manufacturing operations are run. Pedram has just been awarded a contract to supply steel frames that will be used in the building a commercial shopping centre in the Adelaide CBD. Under the contract, Pedram will start supplying steel frames to the shopping centre developer in 90 days. The construction period is estimated at 24 months, and Pedram is expected to supply steel frames for 16 of those months. Two months before the delivery date of the first supply of steel frames to the shopping centre developer, the South Australian Government compulsorily acquires the site of Pedram’s factory. The factory happens to be along the route of a new tunnel link system that the government will start building.

HI6027 Business and Corporate Law

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Legal Fundamentals for Business

Legal fundamentals for Business. Repeat Assignment. This is an individual assignment. You must complete it on your own. Copying and pasting material from elsewhere will not gain you any marks. The key to good marks is showing unders tanding of the material fro ...

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