MPA502 Business and Company Law- immediately to his accountant’s office
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Task:
John’s solicitor, Claire, is a keen car collector who is interested in buying John’s red car. The red car has been valued at about $60,000 because it is a rare model. Claire offers John $30,000 for it. Although John is very unhappy with this price, he reluctantly agrees to sell it to Claire at
this price because Claire’s support will be necessary to him in resolving his current financial difficulties and John does not want to risk upsetting her. John sells his green car to Nigel, a car dealer. They agree on a price of $30,000. Nigel produces a 10-page written contract for John to sign. John tries to read the contract, but it is written in very legalistic language that he cannot really understand. He advises Nigel that he needs to talk to his solicitor first. Nigel says “Sure. Go ahead. But my offer to buy at $30,000 is open only until close of business today”. Because John urgently needs the $30,000 to pay a debt, he decidesto sign the contract. The next day Nigel advises that he is withdrawing from the contract
pursuant to a contractual term in fine print on the 9th page.
Required:
Advise John as to any legal action he may have against Anita, Claire and Nigel. Ensure your answer has both required elements:
1. Letter of Advice to John
2. Diary note (or appendix)
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