Economics

Executive Summary:            

According to the given assignment I work as a junior clerk for Ikkelbod, Dwyer & Summ, Accountants. The superior partner of the firm gives two different problems to me and I have to research these problems and give him all legal options which he in turn can then advise the respective clients with.

Among the two cases the first one is based on the Law of Contract and the second case is based on the Minority Law.

Case - 1:        Mrs Smith v Watson’s Multi - Story Car Park

Fact:

•    Mrs Smith drives into the Watson’s multi–story car park at 4.55 pm and takes a ticket from the machine.

•    This ticket has a printed black metallic strip that records the time and the legend that by accepting this ticket the holder is bound by the terms and conditions of the contract.

•    After entering the car-park, on the first floor she finds a big sign which states the terms of the contract. One of these terms is that if any car left after 5 pm it will be charged $50.00 for that.

•    Mrs Smith does not like this idea and try to leave the car-park at once.

•    However there is a line of exiting cars and her departure is delayed by 10 minutes.

•    The pay booth attendant tries to charge Mrs Smith $50.00 for her stay.

•    Mrs Smith refuses.

•    Mrs Smith claims that a contract was not formed.   

Issues:

•    Was there any offer?
•    Was there any acceptance?
•    Was the term notif ...
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