Australian Contract Law

Running Head: Australian Contract Law
Australian Contract Law
System04128

Australian Contract Law
Table of Contents
Facts...........................................................................................................................................2
Issue............................................................................................................................................2
Rule............................................................................................................................................2
Application.................................................................................................................................3
Conclusion..................................................................................................................................6
Bibliography...............................................................................................................................7
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Australian Contract Law
Facts
Jinxio, an international student, is a very hard working student who studied at TOP
Educational Institute. Jinxio topped her class in all her exams and won prizes for her
outstanding academic results. Jinxio want to establish her tax consultant business. She is an
excellent academic record and graduated from one of the best institute. She is expertise in
accounting and law. She got the visa for permanent residency in Australia. For starting her
business, she will be requiring a premise and the properties in Sydney are costly and her
budget is limited. As she is staying with her uncle, Mr. Shao and he got a vacant premise
which used to be a restaurant. Mr. Shao gave the shop to Jinxio on lease for 3 years for rent
below the market rate. Jinxio accepted the offer. As the premise was earlier used as a
restaurant and now Jinxio will need to do some alteration in it for running as company. Jinxio
asked for the copy of the lease document so that she could sign it but Mr. Shao told her to go
with the quotation from builders and he will mail him as soon as possible. Jinxio accepted the
quote of 25,000 dollars. After sometime Mr. Shao asked Jinxio to leave the premise as he had
given it to other person and there was no signed lease document so there is no contract
between them.
Issue
Whether there was contract between Mr. Shao and Jinxio.
Rule
Whenever requested to think about what is an agreement, almost certainly, a great many
people would promptly start to think about a composed understanding. Contract are not
restricted to composed structure. Contract are not limited to formed structure. Possibly,
contracts may be formed, oral or a blend of both. In spite of the fact that not as regular
compound understanding, oral contracts can at present ask to climb to lawfully restricting
associations. This can cause a lot of pressure for those social events who believe that a record
recorded as a hard copy is required to offer impact to an understanding. This can provoke a
couple of social affairs being compelled into a particular game plan on negative or
questionable terms. While contemplating whether an oral contract has been formed, it is
fundamental to choose if the focal segments of an understanding have been satisfied. If the
segments are satisfied, a social event will have an inconvenient task in attempting to
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