Exam 2013, questions PDF

Preview

Summary

2013 exam questions as uploaded in the 17/18 tri 3 period for revision...

Description

! MLL111%Contract% Trimester%1%2013%Final%Examination% % % Important%instructions%to%candidates:% 1. This%exam%paper%will%be%marked%anonymously.%Do%not%put%your%name%anywhere%on%the% examination%paper%or%on%the%examination%script%book(s).%Please%ensure,%however,%that% your%student%ID%number%is%written%on%the%examination%script%book(s).% 2. Do%not%remove%the%examination%paper%or%any%examination%script%book(s)%from%the%exam% venue.% 3. You%must%answer%all%three%(3)%questions.% 4. Question%1%is%worth%17%marks.% 5. Question%2%is%worth%17%marks.% 6. Question%3%is%worth%26%marks.% 7. This%examination%is%worth%60%marks%in%total.% 8. You%have%120%minutes%writing%time%for%this%exam,%plus%15%minutes%reading%time.% 9. It%is%suggested%that%you%spend%approximately%34%minutes%on%each%of%Questions%1%and%2,%and% 52%minutes%on%Question%3.% 10. This%is%an%open%book%examination.% 11. Please%ensure%that%you%cite%authorities%and%refer%to%relevant%statutory%provisions.% ! %

%

MLL111!Contract!T1!2013!Final!Examination!EP2—Page!1!of!3!

!

! Question%1%

%

%

17%marks%

On!15!March,!Julia!advertised!her!antique!desk!for!sale!in!the!local!newspaper!for!$15,000.!In! response!to!this!advertisement,!Toni!inspected!the!desk!and!then!said!to!Julia:!‘I!want!to!buy!the! desk!and!am!prepared!to!pay!for!it!in!three!instalments!over!the!next!three!months’.!Julia!replied! that!she!‘would!think!about!it’!and!would!not!sell!the!desk!to!anyone-else!before!speaking!to!her! again.!However,!later!that!day,!Toni!sent!an!email!to!Julia!saying!that!she!wanted!the!desk!and!could! pay!for!it,!in!full,!immediately.! The!following!day,!16th!March,!Toni!learnt!from!a!friend!that!Julia!had!sold!the!desk!to!Mary!for! $16,000!early!that!morning.!On!17!March!Julia!opened!her!email!for!the!first!time!in!several!days! and!read!Toni’s!email.!Julia!still!has!possession!of!the!desk,!but!both!Toni!and!Mary!claim!ownership.! Pending!resolution!of!her!claim!in!relation!to!Julia’s!desk,!Toni!entered!into!an!agreement!with!a! friend!of!hers,!Betty,!to!lease!an!office!for!a!period!of!one!month.!Toni!paid!$500!up!front!for!the! lease.!However,!two!days!after!leasing!the!premises!they!were!destroyed!by!fire.!Toni!has!demanded! that!Betty!return!the!$500!paid!for!the!lease,!but!Betty!has!refused.! Please%advise%Toni%about%her%rights%and%obligations%arising%from%these%transactions.% % Question%2%

%

%

17%Marks%

On!1!March!2012,!Bill!contracted!to!build!new!house!for!Wendy!for!$300,000.!The!contract!provided! for!this!sum!to!be!paid!by!way!of!a!deposit!of!$100,000!upon!signing!the!contract,!and!two! instalments!of!$100,000!–!one!on!1!April!and!one!on!completion!day!30!June!2012.!The!contract! provided!that!it!was!a!condition!of!the!contract!that!the!house!be!completed!by!30!June!2012.!! The!deposit!was!paid!on!1!March!2012!and!Bill!commenced!building!work!that!day.!Unfortunately,! although!the!first!stage!of!the!house!was!completed!as!planned!and!he!received!the!instalment!of! $100,000!that!fell!due!on!1!April,!in!May!Bill!experienced!great!difficulty!in!obtaining!the!materials! he!needed!for!stage!2.!This!was!because!to!the!brick!manufacturing!plant,!the!only!one!in!Australia! supplying!the!bricks!Wendy!wanted!for!the!house,!was!destroyed!by!a!devastating!bush!fire.!As!a! result,!work!on!the!house!progressed!far!slower!than!anticipated.!On!several!occasions,!Wendy! spoke!to!Bill!about!this!delay!but!to!no!avail.!Concerned!that!the!house!would!not!be!completed!on! time,!Wendy!wrote!to!Bill!on!30!May!saying!that!she!did!not!want!him!to!work!on!the!house!any! further!and!that!she!would!get!another!builder!to!finish!the!work.!This!she!did.! Recently,%Bill%has%written%to%Wendy%demanding%to%be%paid%the%final%payment%of%$100,000%which,%he% claims,%remains%due%under%the%contract.%Please%advise%Wendy%of%her%position%in%relation%to%this% transaction.% % % %

MLL111!Contract!T1!2013!Final!Examination!EP2—Page!2!of!3!

!

! Question%3%

%

%

26%marks%

On!26!April!2012,!Colac!Motors!advertised!a!car!for!sale!in!the!Sydney!Sun!as!follows:! Red!Rover,!first!registered!2005,!20,000!genuine!km;!bargain!at!$9,000.!Ph:!02,!984523.! Responding!to!this!advertisement,!Imogen!telephoned!Colac!Motors!on!26!April!and!during! discussions!with!Mr!Colac,!the!proprietor,!was!informed!that!the!car!was!in!“mint!condition”,!had!a! new!gear!box!and!a!top!speed!of!150!km!per!hour.!Impressed!by!this!information,!later!that!day! Imogen!visited!Colac’s!premises,!where!the!car!was!kept,!with!her!friend!Luke,!an!expert!mechanic.! After!Luke!had!inspected!the!car,!Imogen!offered!to!purchase!it!for!$8,500!and!Colac!accepted!this! offer.!Imogen!thereupon!gave!Colac!a!cheque!for!$8,500.!For!security!reasons,!she!dated!the!cheque! with!the!following!day’s!date,!“27!April!2012”!as!they!agreed!that!Colac!would!deliver!the!car!to! Imogen!on!that!day.!However,!when!Colac!arrived!at!Imogen’s!on!27!April!he!said!that!he!would!not! go!through!with!the!deal!unless!she!agreed!to!pay!the!original!asking!price!of!$9,000.!Although! annoyed!by!this,!Imogen!agreed!to!pay!Colac!another!$500!on!her!next!pay!day,!14!May!2012.!Colac! replied!that!she!had!been!a!good!sport!and!because!of!this!promised!to!send!her!a!new!set!of!tyres! for!the!car!that!he!had!been!given,!but!which!were!now!of!no!use!to!the!business.! Imogen!has!since!discovered!that!the!car!was!first!registered!in!2003,!has!not!got!a!new!gear!box! and!is!far!from!being!in!a!mint!condition.!However!the!car!is!running!well!and!she!wishes!to!keep!it.!! She!seeks!your!advice!about!her!legal!position.!!When!seeking!your!advice,!she!informs!you!that! Colac!has!not!yet!sent!her!the!new!tyres!promised!and!that!she!has!not!yet!paid!him!the!additional! $500!she!agreed!to!pay.! Advise%Imogen%of%her%rights%and%liabilities%arising%out%of%this%transaction.% % % END%OF%EXAMINATION%PAPER%

MLL111!Contract!T1!2013!Final!Examination!EP2—Page!3!of!3!

!...