In Which of the Following Cases Did the Court Decide

question 28

Multiple Choice

In which of the following cases did the court decide that an agreement to purchase two restaurants was contractually binding?

• A)Ermogenous v Greek Orthodox Community of SA Inc [2002] HCA 8.
• B)Jones v.Vernon's Pools Ltd [1938] 2 All ER 626.
• C)Masters v Cameron [1954] HCA 72.
• D)Helmos Enterprises Pty Ltd v Jaylor Pty Ltd [2005] NSWCA 235.

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Definitions:

Accounting Profit

Accounting profit is the monetary gain calculated by subtracting total explicit costs from total revenue.

Sunk Cost

A cost that has already been incurred and cannot be recovered, and therefore should not affect current and future business decisions.

Nonrefundable Ticket

A type of ticket for which the cost is not returned to the purchaser if they decide to cancel their booking or are unable to use the ticket.

Soccer Match

A competitive game of soccer played between two teams, adhering to specific rules and durations as specified by the sport's governing body.