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First Principles of Business Law |
| Property law |
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3. Property rights in chattels |
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3.5.3. Regulation of chattel leases |
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Albert wants to know to what extent a chattel lease is regulated in Australian law. Which of the following statements is correct? |
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(a) The parties to a lease of chattels are free to negotiate their own terms and may exclude any terms that would otherwise be implied by law into their contract. (b) A lease of chattels is a contract of a special kind that, in Australian law, must be put into writing to be valid. (c) A lease of chattels is subject to the provisions of the Australian Consumer Law which implies certain non-excludable terms into such contracts. |
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