Fern Gully Nurseries Pty Ltd (FGN) contracted with Jim Spade trading as Spade Cubbys (SC) for SC to construct 20 architecturally-designed cubby-houses, with the houses tobe completed by 1 October 2016 at a contract price of $20,000, with payment to be made on signing.

Fern Gully Nurseries Pty Ltd (FGN) contracted with Jim Spade trading as Spade Cubbys (SC) for SC to construct 20 architecturally-designed cubby-houses, with the houses tobe completed by 1 October 2016 at a contract price of $20,000, with payment to be made on signing.

1 October 2016 was crucial to FGN as time was required to have the cubby houses painted and decorated prior to the busy Christmas season. FGN had already pre-sold 9 of the 20 cubby-houses to a property developer for $18,000. The property developer required them to be delivered onto his site by 15 October 2016 at the latest.Happy with the terms, both parties signed on 15 June 2016 and FGN paid the $20,000 by electronic funds transfer.Jim soon realised he had seriously underquoted on the job. He ran out of money in mid-July 2016 and looked as if he wouldnt be able to complete the contract. Jim toldFGN of the situation and said he wasnt able to continue.FGN, aware that it would take longer to have the cubby houses completed if they engaged another builder, and aware they would lose business with the developer,suggested to Jim that he should complete the work in return for which FGN would paySC an additional $10,000. Jim accepted this suggestion and FGN immediately paid$2,000 into SCs bank account by electronic funds transfer. SC completed and delivered the cubby-houses to FGN on 1 October 2016.FGN has now refused to pay SC the remaining $8,000, claiming that AC provided no consideration for the extra payment.Advise Jim (In reference to AUSTRALIAN contract law only)1 October 2016 was crucial to FGN as time was required to have the cubby houses painted and decorated prior to the busy Christmas season. FGN had already pre-sold 9 of the 20 cubby-houses to a property developer for $18,000. The property developer required them to be delivered onto his site by 15 October 2016 at the latest.Happy with the terms, both parties signed on 15 June 2016 and FGN paid the $20,000 by electronic funds transfer.Jim soon realised he had seriously underquoted on the job. He ran out of money in mid-July 2016 and looked as if he wouldnt be able to complete the contract. Jim toldFGN of the situation and said he wasnt able to continue.FGN, aware that it would take longer to have the cubby houses completed if they engaged another builder, and aware they would lose business with the developer,suggested to Jim that he should complete the work in return for which FGN would paySC an additional $10,000. Jim accepted this suggestion and FGN immediately paid$2,000 into SCs bank account by electronic funds transfer. SC completed and delivered the cubby-houses to FGN on 1 October 2016.FGN has now refused to pay SC the remaining $8,000, claiming that AC provided no consideration for the extra payment.Advise Jim (In reference to AUSTRALIAN contract law only)

Having Trouble Meeting Your Deadline?

Get your assignment on Fern Gully Nurseries Pty Ltd (FGN) contracted with Jim Spade trading as Spade Cubbys (SC) for SC to construct 20 architecturally-designed cubby-houses, with the houses tobe completed by 1 October 2016 at a contract price of $20,000, with payment to be made on signing. completed on time. avoid delay and – ORDER NOW

Do My Paper

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.