Law and Management
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Title: Law and Management

Essay Details:

Subject: Business
Author: Roman V
Date: June 5, 2011
Level: University
Grade: A
Length: 9 / 2586

Essay text:

Ranaldi carelessly fails to exercise the option for renewal by the due date. He exercises the option 16 days after its expiration ? Samton now demands $70,000 for the lease extension ? Thus, in addition to having paid for the business from the lessees, the Ranaldis now have to pay an additional sum of $70,000 to Samton in order to renew the lease. ? The ACCC brings an action asserting unconscionable conduct on the part of the lessors in asking for the $70,000 as a price for renewal of the lease (which would normally have cost nothing had it been requested in time) ISSUES 1. Did Samton engage in unconscionable conduct in contravention of s 51AA? 2...

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