Assignment task:
XY Ltd is a theatrical production company who engaged a ticketing firm, TD Ltd, to sell tickets for various XY Ltd theatres productions.
XY Ltd has discovered that TD Ltd has been selling some of their theatre tickets at a higher price than has been agreed. XY Ltd are only being paid the original amount agreed.
XY Ltd has also learned that TD Ltd has been discounting some theatre tickets without the permission of XY Ltd. TD Ltd has defended this practice by stating that discounting of tickets is common practice in the industry.
Both of these actions have impacted XY Ltd's profits.
1. Discuss whether XY Ltd can recover the monies raised by the sale of the theatre tickets at an increased price by TD Ltd.
2. Explain, with justification, whether XY Ltd can successfully claim against TD Ltd for selling tickets at a discounted price.