LawAnswers.com.au - Australia's #1 Legal Community

LawAnswers.com.au is a community of 10,000+ Australians, just like you, helping each other.
Ask a question, respond to a question and better understand the law today!
Join us, it only takes a minute:

Commercial Law - Local Factory Charging in USD?

Discussion in 'Commercial Law Forum' started by David m, 30 March 2016.

  1. David m

    David m Member

    Joined:
    30 March 2016
    Messages:
    1
    Likes Received:
    0
    Hi,

    Can a local factory charge a local distributor in USD for his products under Commercial Law?

    Thanks
     
  2. Rod

    Rod Well-Known Member

    Joined:
    27 May 2014
    Messages:
    2,175
    Likes Received:
    259
    If both parties willingly agree to this, then the answer is yes. Assumes the paying party can pay in AUD, just the amount is related back to US$ as of a particular nominated date.

    Issues will arise however if there is a change to an existing contract/agreement. Can't tell from your post if other circumstances come into play.
     
  3. Tim W

    Tim W Lawyer

    Joined:
    28 April 2014
    Messages:
    1,722
    Likes Received:
    404
    As a general thing, the buyer needs to be reasonably able to work out what the price is.
    That's as far as the law goes.
    Contrary to what you might see on American television,
    in Australia, there's no requirement to use any one currency ahead of any other.
     

Share This Page

Loading...