Algol contracts to purchase an antique merry-go-round carousel from a collector living in Railton Tasmania. Algol’s...
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Algol contracts to purchase an antique merry-go-round carouselfrom a collector living in Railton Tasmania. Algol’s businessBeacon Tours has expanded into adventure tours and is wanting tofurther expand into the provision of amusement rides. She has beenunable to locate any other merry-go-round carousels for saleanywhere else in Australia and so to find one in Tasmania has madeher very happy. She negotiates what she thinks is a fair price of$28, 000. On the day arranged for payment and collection the ownerof the merry-go-round informs Algol that he had ‘changed his mind’and ‘would not part with the merry-go-round’. Algol wants an orderfor specific performance.
Required: Advice Algol and Beacon Tours.
*Please identify the Parties, Issues, Legal Rules, Analysis andConclusion
Algol contracts to purchase an antique merry-go-round carouselfrom a collector living in Railton Tasmania. Algol’s businessBeacon Tours has expanded into adventure tours and is wanting tofurther expand into the provision of amusement rides. She has beenunable to locate any other merry-go-round carousels for saleanywhere else in Australia and so to find one in Tasmania has madeher very happy. She negotiates what she thinks is a fair price of$28, 000. On the day arranged for payment and collection the ownerof the merry-go-round informs Algol that he had ‘changed his mind’and ‘would not part with the merry-go-round’. Algol wants an orderfor specific performance.
Required: Advice Algol and Beacon Tours.
*Please identify the Parties, Issues, Legal Rules, Analysis andConclusion
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