Wiz Ltd agrees to lease premises for its retail computer business in a new shopping mall...
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Wiz Ltd agrees to lease premises for its retail computer business in a new shopping mall recently built and managed by Transfield Ltd. Two other computer retail outlets also open within the same shopping complex. Wiz Ltd believed that it would have only one competitor. During the negotiations, Wiz did not ask about how many competitors there would be and Transfield remained silent on the issue. Wiz now wishes to rescind the contract and/or claim damages from Transfield. Please advise it of any rights it may have under the Australian Consumer Law. Cite relevant cases and/or statutes. Please do not refer to the common law misrepresentation. Wiz Ltd agrees to lease premises for its retail computer business in a new shopping mall recently built and managed by Transfield Ltd. Two other computer retail outlets also open within the same shopping complex. Wiz Ltd believed that it would have only one competitor. During the negotiations, Wiz did not ask about how many competitors there would be and Transfield remained silent on the issue. Wiz now wishes to rescind the contract and/or claim damages from Transfield. Please advise it of any rights it may have under the Australian Consumer Law. Cite relevant cases and/or statutes. Please do not refer to the common law misrepresentation.
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If Wiz Ltd wishes to rescind the contract it would have to cancel the contract within a reasonable time after becoming aware of the misrepresentation ... View the full answer
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
Posted Date:
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