Practice question - misleading or deceptive conduct Wiz Ltd agrees to lease prem

Question

Practice question - misleading or deceptive conduct Wiz Ltd agrees to lease premises for its retail computer business in a new shopping mall recently built and managed by Transfield Ltd. Two other computer retail outlets also open within the same shopping complex. Wiz Ltd believed that it would have only one competitor During the negotiations, Wiz did not ask about how many competitors there would be and Trans damages from Transfield. Please advise it of any rights it may have under the Australian Consumer Law. Cite relevant cases and/or statutes. Please do not refer to the common law misrepresentation. field remained silent on the issue. Wiz now wishes to rescind the contract and/or claim Approximately 15 minutes of writing time.

Explanation / Answer

The Australian Consumer Law (ACL) includes:

The ACCC recently investigated standard contracts amongst a number of retail landlords and identified a number of potentially unfair terms including:

To conclude that, Wiz Ltd agrees for lease in all terms and later on he likes to rescind the contract due to new finding which are not agreed upon contract, is not valid in court of law.

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