LAW2442: Commercial Law - Lauren - Nick Fury - Law Assignment Help

Assignment Task:

QUESTION ONE

Lauren owns a vintage handbag store in Brunswick East, Melbourne. The area is home to local designers, great vintage shops and spots to refuel along the way. Lauren’s store imports vintage handbags from various European countries.

Lauren has just conducted a large spring sale in her business and is hoping to replace old stock with new stock from overseas. She has already placed an order for the stock some months ago and she needs the new season vintage handbags urgently. The sale has gone very well and 60%
of her stock has been sold. She knows that if she does not get the stock in on time from overseas, she is going to lose a great deal of money in sales. That means that her cash flow will be very low and she will not be able to pay her bills for rent, telephone, electricity, employee salaries nor to meet substantial payments on her overdraft with her bank. In fact, if her order from overseas is not delivered on time to her business, Lauren is likely to face bankruptcy.

QUESTION TWO

Nick Fury (‘Fury’) is an agent who works for Shield Pty Ltd, a law enforcement company. Fury is skilled in armed and unarmed combat. He was a heavyweight in boxing during his time in the military. He is also a black belt in Tae Kwon Do and Jiu Jitsu. Fury was also a combat veteran in WWII, The Korean War, and The Vietnam Conflict.

Shield Pty Ltd hired Tony Stark, an armoury maker, to build a suit of armour to be used for their Special Weaponry section. A written contract was signed between the parties. Tony has a very high-level intellect. He attended Massachusetts Institute of Technology (MIT) and graduated with
the highest honours at age 17. He knows almost everything when it comes to science and technology. He is a professional engineer, and can create, fix or tinker with any kind of mechanical device. Tony is famous for creating the best suits of armour that are made out of very strong materials. The suits of armour can withstand heat and blasts and are very durable.

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