L.U. Simon Builders Pty Ltd v Cardigan Commercial Pty Ltd (No 2)

• 1. Contract
  2. › Implied terms
  3. › Terms implied in fact
  4. › BP Refinery test
  5. › Business efficacy
  6. › Whether implied term that contractor may pay out bank guarantee in cash
  7. › Whether term necessary for business efficacy where bank already has express right to pay out guarantee
• 1. Contract
  2. › Security for performance
  3. › Bank guarantees
  4. › Nature of bank guarantee as equivalent to cash
  5. › Right of issuing bank to pay out guarantee at any time
  6. › Whether contractor who procured guarantee may achieve same result directly
• 1. Practice and Procedure
  2. › Civil Procedure Act 2010 (Vic)
  3. › Power to make orders in interests of administration of justice
  4. › Whether power extends to altering substantive contractual rights
  5. › Civil Procedure Act 2010 (Vic), s 47(1)
• 1. Consumer Law
  2. › Unconscionable conduct
  3. › Refusal to accept cash in lieu of bank guarantee
  4. › Whether court in position to determine statutory unconscionability on urgent application
  5. › Competition and Consumer Act 2010 (Cth), Sch 2, ss 21, 22

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