FNSTPB503 - Apply Legal Principles And Contract And Consumer Law

Assignment Task 

Questions 

1. If a contract is expressed in writing can verbal terms also be enforced?

2. Are you bound to a contract if you sign it without understanding or even reading it?

3. Rebecca has entered into a contract to provide a retail shop with 200 pieces of jewellery by close of business on 15th October for $10 000?

4. Unfortunately, the raw material she uses to manufacture the jewellery has increased in price by 45%, which means she will make no profit on the contract?

5. If the court decided to award Rebecca damages, what matters would the court take into consideration in assessing the amount she should be awarded?

6. If Fair Shake were to default on both the loan and the guarantee, would the Bank be successful in holding Big Red liable for the debt Why or why not?

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