Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Patricia is a 48% shareholder in Opium Pharmaceuticals Ltd. She has been buying up shares in an attempt to gain control over the company. She tells you the following: It has come to her notice that the board of Opium Pharmaceuticals Ltd has authorized the issue of 10 000 shares to Johnny Investor, at a price of $ 50 per share (the large scale of this offering means that the disclosure requirements of Chapter 6D of the Corporations Act 2001 (Cth) did not need to be complied with). However, the effect of this issue is that her relative shareholding in the company has now dropped to 25%. The company's accounts indicate that it has cash reserves of $ 100 million, and there are no new projects that will be undertaken. She also learned that Peter Somnium, one of the executive directors of Opium Pharmaceuticals, who was given the job of acquiring raw materials for the company, negotiated a contract for the purchase of opium poppies (used by the company to make morphine) at $ 500 per tonne from a local supplier, whereas research on the internet (which Somnium admits he did not undertake) indicates that the poppies are easily obtainable at $ 100 per tonne. The result was that the company paid $ 1 million more for the poppies than it need have. Patricia also tells you that when she wrote to the board advising it of this issue, and asking that they take action against Peter, she was told that the board had decided not to act. They have also ignored her complaints about the share issue to Johnny Investor, saying that the shares were issued in order to raise capital. Advise Patricia as to the legal issues arising out of these facts and what remedies are available to her.
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.
Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.
With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.
It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.
Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd