Business law : Solved Assignment
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Added on 2021-02-21
Business law : Solved Assignment
Added on 2021-02-21
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Business law
Table of ContentsINTRODUCTION...........................................................................................................................3QUESTION 1..................................................................................................................................3Issue.............................................................................................................................................3Rule..............................................................................................................................................3Application..................................................................................................................................4Conclusion...................................................................................................................................5QUESTION 2..................................................................................................................................5Issue.............................................................................................................................................5Rules............................................................................................................................................5Application..................................................................................................................................5Conclusion...................................................................................................................................5CONCLUSION................................................................................................................................5REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness law is that branch of law which assist the business organisations and peopledealing in trade and commerce in dealing with legal matters. In the present report for twodifferent case study legal advice is present to different persons under consumer law and civilliability act.QUESTION 1Issue James have purchased a new refrigerator for $1000 having one-year warranty over the newproduct. The motor of refrigerator stopped working after one year and two months. James havecontacted the department store from which he has bought the refrigerator and asked forreplacement. The store refused to the same on the basis that product has fallen out of warranty.Here the issue raised is that whether James can get a replacement of the refrigerator.RuleAustralian consumer and competition Act, 2010:Section 54:As per this section a person when supplies goods to consumer under normal trade andcommerce there exist a guarantee that gods are of acceptable quality. This means goods are fitfor the purpose for the purpose for which they are usually supplied (Statutory Guarantees Underthe Competition and Consumer Act. 2019). This includes acceptance in from of physicalappearance and finish, free from defects, safe and durable. A reasonable consumer fullyacquainted with this state and condition of the product would regraded as acceptable.Section 260:This section defines the obligation to repair, replace and refund:A supplier or manufacturer is under an obligation on condition that whether failure is a majorfailure which includes:The goods would have been acquired by a consumer with reasonableness fullyacquainted with the nature of the failure,The goods do not match from the description or the same shown to consumerThe product do not fit substantially to the purpose for which the goods of same kind aregenerally supplied,
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