Reference no: EM131034317
Assignment
Case Study 1
Adam wants to sell his flower shop business to Eve. Adam states that the flower shop turns over $600,000, and showed Eve a few monthly receipts to show that the company is turning over up to $50,000 per month on average. What Adam did not tell Eve was that during three months of the year during winter the flower shop only makes approximately $30,000 per month due to less variety on offer to customers. This impacts on the total annual turnover of the flower shop so it actually makes approximately over $540,000 annually in turnover only.
Eve bought the business from Adam on the evidence of Adam's claims, and also on the belief that she can do a better job than Adam and increase the shop's sales twofold.
Months after purchasing the business from Adam, Eve realised that the business only turns over so much, and is barely enough to keep the business running and pay its overheads. The business was therefore unprofitable.
a. Advise Eve of her rights, if any, against Adam and any remedies available for her under common law
b. Would your advice be different if Eve has asked Adam the exact turnover of the business?
Case Study 2
Bowral Heritage Farms and Brian's Flower Shop have been doing business together for over 10 years. Brian, the owner of the flower shop, orders flowers from Robert, the owner of Bowral Heritage Farms for his shop in the city.
Both Brian and Robert are septuagenarians and, despite their age, still continue to work and be actively involved in their respective businesses. Unfortunately, they have not moved on with technology and still continue to do business by post. On Mondays, Brian would post his order of flowers to Robert, who would usually receive the order the following day, and would send his confirmation the same day which Brian would receive on the Wednesday. Ordered flowers are then delivered Thursday. This has been their way of doing things since they started doing business together.
One Wednesday Brian, after not having received Robert's confirmation of the order he posted last Monday, decided that Robert would probably not be able to fulfil the order because of the volume (Brian received a huge order for a wedding that weekend). Brian decided to order from another supplier Wednesday afternoon for delivery the following day and, because of the short notice, paid a premium for his order.
On Thursday Robert's flower delivery and the other supplier's arrived to the annoyance of Brian. Brian refused to pay Robert for his order as he thought Robert was not going to fulfil the order after not receiving his confirmation on Wednesday. What Brian and Robert were not aware was, there was a postal strike on Wednesday which delayed Robert's confirmation mail of Brian's order to Thursday afternoon instead.
a. Advise Robert of his options using case law
b. Would your advice be the same if Robert's mail, instead of confirming the Brian's order, advised Brian that he is only able to fulfil half of Brian's order and delivered only half of what Brian ordered? Support your answer using case law
|
High-pressure liquid chromatography
: High-pressure liquid chromatography (HPLC) is a method used in chemistry and biochemistry to purify chemical substances. The pressures used in this procedure range from around 500 kilopascals (500,000 Pa) to about 60,000 kPa (60,000,000 Pa).
|
|
Determine the mole fractions of the water
: Fresh water is to be obtained from brackish water at 65°F with a salinity of 0.12 percent on mass basis (or TDS = 1200 ppm).
|
|
State difference between classical and keynesian economics
: State the the difference between the classical and Keynesian economics when it comes to self correcting mechanism and government intervention.
|
|
In the electrolysis of aqueous potassium nitrate
: In the electrolysis of aqueous potassium nitrate using inert electrodes, which one of the following species is oxidized? Potassium ion Nitrate ion
|
|
Advise eve of her rights
: Would your advice be the same if Robert's mail, instead of confirming the Brian's order, advised Brian that he is only able to fulfil half of Brian's order and delivered only half of what Brian ordered? Support your answer using case law
|
|
How to apply these to organization to improve effectiveness
: This Research Paper allows you to showcase what you have learned from the course and the application within an organization of your choice. Also, it a chance to use theories gained from the course work and how to apply these to an organization to ..
|
|
Identify the formula for potential energy
: Identify the formula for potential energy and state what each variable stands for.
|
|
Mendeleev is considered the father of the periodic
: Mendeleev is considered the father of the periodic table. He was so advanced that he left space for elements not discovered. Explain Mendeleev's logic in leaving blank spaces then describe how the modern periodic table came to be. (YOUR ANSWER MUST B..
|
|
What is effective nuclear charge
: What is effective nuclear charge? How does it affect the size of an element's atomic radius? (YOUR ANSWER MUST BE COMPLETE AND THOROUGH TO RECEIVE FULL CREDIT)
|