Commercial Law
Essay by simonjiba • November 4, 2013 • Essay • 300 Words (2 Pages) • 1,405 Views
6. Larry Armstrong runs a small business manufacturing and repairing bicycles in Glasgow. Business is booming and he is now looking to move into bigger premises, providing he can afford the rent.
Duncan is a well known landlord in the area and he has promised to keep the offer open for 2 weeks while Larry makes up his mind. A couple of days later, while complaining about his finances Larry's elderly uncle Floyd tells him that when he dies, his money worries will be over as he is intending to make Larry his sole beneficiary under the terms of his will.
A week later, Uncle Floyd drops dead and thinking he could now afford the bigger premises Larry telephones Duncan to accept his offer, but was told the premises had been let to someone else. A further blow is that he has now discovered that his uncle has left him nothing in his will preferring to leave all his estate to the local cat and dog home.
Larry is now seeking your legal advice. Advise Larry whether he has any basis for a claim against eithDuncan the landlord or his uncle Floyd.
7. Ricky Branston, who is 17 years old, earns a living by selling Cd's and DVD's etc from a market stall which he owns. After a long day on the stall he is in his local pub, where he always gets served from the bar staff without any trouble as he looks around age 20 when he meets Simone Cowbell, a music representative for an obscure music label. Simone persuades Ricky to sign a contract under which Ricky agrees to take 100,000 Cd's of a new boy band called 'Boys with no Tone', on a non-refundable basis. In the first month Ricky sells only 3 of the Cd's and has made a considerable loss.
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