Business law

QUESTION 1 [30 marks] Axel Wong is an ambitious fashion designer whose aim is to design his own clothes and sell them through a retail store owned by him. Axel decided to look for suitable premises from which to sell his range of clothing designer goods. However, since he knew he would not be able to finance his entire business, he asked his father for help.Axel’s father, who owned many commercial properties, agreed to lease one of his shops to Axel at half the rental he would normally charge. Axel inspected the premises. It looked like an old factory. Axel told his father that he would like to make some alterations to the layout of the shop so as ‘give the clothing shop a modern and trendy look.’Axel told his father that he wanted to start on the renovations immediately and would speak to the local Council in Burwood, Sydney to get the necessary permits. Axel also agreed that he will pay for these store renovations which, after quotes had been given, were calculated at $50,000. Axel, however, said to his father that he did not want to start on the renovation project unless his father was certain that the shop was available for rent at the amount agreed.Axel’s father said he would let Axel know in the next few days if he changed his mind about renting the shop to him. Axel also said to his father that the opening of the shop on the date agreed in the lease was important to him to ensure success in the business. It was estimated that the renovations to the shop would take 3 months, by which time Axel would have designed and created the required shop stock for sales.A week after Axel reached an agreement to sign the lease with his father, Axel started on the shop renovation project, having heard nothing from his father. A month after the renovation work began, Axel noticed his father drive past very slow past the shop in which the renovations were in progress.Axel received a phone call from this father, two months later, who said he received a higher rental for the same shop and therefore will not be signing the lease agreement with Axel. Axel threatened to sue his father for breach of contract. His father replied “we are family. I love you. You can’t sue me. Besides, I have not signed the lease agreement and so the law is on my side. Bad luck, son.”        By this time, Axel had already spent $50, 000 on renovating the shop to suit his business needs.Advise Axel as to his legal rights with reference to relevant principles of contract law. Give reasons for your answer based on contract law (common law legal principles and relevant precedents.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more