@ W3DRAFT208324-_ X [+ PN 3 i a (e Flash Harry Developers recently acquired and old warehouse building in London. :\"E\""E'\"'""EVG"'R\""\"'? Big Build Construction Co. has a contract with Flash Harry to convert the s warehouse building into 20 separate apartments for them. It is intended that each apartment will have a sauna and jacuzzi, and the installation of these has been subcontracted by the Big Build Construction Co. to Cheapo Builders, with Cheapo el Builders to receive 200,000 in total for this work. As part of the contract between the Big Build Construction Co. and Flash Harry Developers, if all of the conversion work is not completed on time, the Big Build Construction Co. will be liable to pay 1,000 in agreed damages to Flash Harry Developers for each week that the completion of the conversion work is late. PPt Generative summary | HEW Edita PDF IR Cheapo Builders begin work immediately but after one month its workers go on SPI=EEr strike as they have not been paid their wages due to financial difficulties being faced by Cheapo Builders. The Big Build Construction Co. are aware of the strike and are concerned that Cheapo Builders will not complete their work on time, nbine files thereby causing the Big Build Construction Co. to have to pay the agreed damages fee to Flash Harry Developers. Therefore, they offer to pay an extra 50,000 to Cheapo Builders to ensure that they complete the work on time [N [eIeTrs AaiEmi Cheapo Builders agree to the offer and while waiting for the promised additional e 50,000, and in order to pay their workers, they borrow 50,000 from the bank, agreeing to pay the loan back over five years, with 10,000 plus interest to be Crdiathr paid each year. Cheapo Builders pays its workers their outstanding wages and they return to work, completing all of the work on time. The Big Build Construction Co. is now refusing to pay the promised additional 50,000 to Cheapo Builders. Cheapo Builders have managed to make the first agreed payment of their loan to the bank, but are now struggling financially and may face insolvency. After meeting with Cheapo Builders to discuss their loan and financial situation, the bank. fearing that if Cheapo Builders becomes insolvent they will not be able to retrieve any of the money that they loaned them, agree to waive all interest owed under the loan and to forego Cheapo Builders' next loan payment which is due in four months. However, the following week the bank begins to experience financial difficulties of its own, and contacts Cheapo Builders to request that they make the loan payment due in four months along with the interest due as per their original loan agreement. Flmmna Pl darn bavin cns b vinns e adiian Comnifiaall s i b L s 150% O=Menu Tri 3 DRAFT_2023-24-.. x + Create X All tools Edit Convert E-Sign Find text or tools Q | Share Al Assistant All tools extra $50,000 for their work, and are Cheapo Builders required to pay the loan instalment and interest to the bank. Al Assistant NEW Generative summary NEW In advising Cheapo Builders you should: Export a PDF e Correctly identify the legal issue(s) raised by the problem scenario. Edit a PDF . Demonstrate knowledge of the law relevant to the issue(s) raised by the Request e-signatures problem scenario. Create a PDF . .. Stylize this PDF NEW Fill & Sign 4 Combine files Organize pages . Demonstrate an understanding of the law through an analysis and Add comments application of the relevant law to the facts given in the problem scenario. AScan & OCR . Make appropriate use of the relevant legal sources in support of your Protect a PDF analysis and argument. View more . Draw reasoned conclusions from your analysis and application of the law to the issues raised by the problem scenario. Demonstrate good spelling, grammar and punctuation. . Demonstrate clarity of expression and a clear, logical and easy to follow 12 structure. . Make correct use of OSCOLA referencing. Check out new e-sign tools C Use web forms, send in bulk, add branding, and more. See All ASSESSMENT CRITERIA