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Australian Business Law Assignment

   

Added on  2021-01-01

7 Pages1772 Words471 Views
Business Law
Australian Business Law Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY ..................................................................................................................................1Issue :..........................................................................................................................................1Rule :...........................................................................................................................................1Application :................................................................................................................................3Conclusion :................................................................................................................................3REFRENCES...................................................................................................................................4
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INTRODUCTIONContract is a formal promise between two parties that is legally enforceable on the basisof specific terms and conditions. Along with this, if the contract get violated then legitimatebodies allow the injured person to access the suitable legal remedies. However, assignment isgoing to highlight an appropriate procedure of forming contract through post. In fact, focussingon major elements of agreement which is based on online and sending offer or acceptancethrough e-mail as well as post (Besley, 2015). Basically, contract of Arthur and Ben willproperly outlined in this project with the help of I-R-A-C method.MAIN BODY Issue :According to the given case of Arthur advertises, there are mainly two issue which isidentified in this case; one is revocation of the contract by Ben and online agreement have somerules as well regulation which is not followed by the Arthur and Ben. Hence, revocation ofcontract and legal procedure is not followed is the problem come out from the given case. Rule :In the given case contract is done by the post through letter which is valid in the eyes ofAustralian law (Law, 2016). There are several rules these need to be followed by the Arthur andBen while doing contract through letter. Description of these rules and regulation is mentionbelow :- Withdrawal of acceptance by post – It must be noted that the Australian PostalRegulations enable an individual who has posted a letter for recovering it, provided that reasonsfor recovery are satisfactory and the person can put claim against it in written. The NationalCredit code is a statutory modification to the general postal rule. Schedule 1, s 196(1) (b), of theNational Consumer Credit Protection Act 2009 (Cth) provides that documents which is sendedthrough post is related to the consumer credit will be well thought out to be given on the datewhen it would have been delivered in the ordinary course of post (Loafman and Altman, 2014).Although, once the offeree accepted the offer, then agreement is binding on the parties until theyboth get mutual consent to release each other.
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