Company Law

Running head: COMPANY LAW
Company Law
Name of the Student
Name of the University
Author Note

1COMPANY LAW
Table of Contents
Answer 1..........................................................................................................................................2
Answer 2..........................................................................................................................................3
Answer 3..........................................................................................................................................5

2COMPANY LAW
Answer 1
In Australia, the Australian Consumer Law (ACL) set out in Schedule 2 of the
Competition and Consumer Act 2010 (Cth) stipulates guarantees for consumers who obtain
commodities and services from the manufacturers, suppliers and the importers in Australia.
Under Part (3-2, Division 1) of the ACL, consumer guarantee includes that:
i. the goods must be of acceptable quality that is, free from any defects and must be safe;
ii. any express warranty shall be abided by;
iii. the commodities will be as per its description;
In case of guarantees applicable to services, a supplier guarantees that the services rendered are
provided:
i. within reasonable time if time is not mentioned;
ii. with due care and skill;
iii. are fit for the specified purpose;
In case the above consumer guarantees are not met, the consumer shall be entitled to a
remedy in order to rectify the failure. Under such circumstances, consumer may seek a repair,
replacement or refund as the associate remedies for such failure. The consumer may also cancel
the service and claim compensation for the damages and loss suffered due to such failure.
In addition, a consumer may be entitled to additional damages for the consequential loss that
was reasonably foreseeable. Consequential loss may include other costs such as loss of
productivity and time. The consumers must be provided with adequate remedies for contravening