Part B - Research Task - 800 words [10 marks] Businesses within Australia operate within a legal framework based on fundamental common-law principles, including proprietary rights [ownership]. Granville Machinery Pty Lid ['GMPL'] sells large industrial air compressors and other similar equipment, for use in factories. Each machine sells for $150,000 or more. Machines are delivered and installed in customer premises, often on credit terms with payments due to GMPL at an agreed future date; e.g. 30 days, or 60 days, etc. GMPL includes a term in their sales agreements that title in the machinery does not pass to the customer until GMPL has been paid in full. Preparation: Research the decision in Maiden Civil (P&E) Pty Ltd v Queensland Excavation Services Pty Ltd & Ors [2013] NSWSC 852 and the Personal Property Securities Act 2009 (Cth). Do not consider any other legislation [e.g. Sale of Goods, ACL, etc.]. Required: Illustrate, by applying the law and providing examples, how GMPL could manage various types of risk when selling machinery as described above. ACBUS202A Commercial Law