Discuss the common law, Your answer should discuss the

Discuss the common law

Assignment Help Business Law and Ethics

Reference no: EM13933674

Section 131 of the Corporations Act 2001 dealing with pre-registration contracts is no-longer necessary. This is clearly illustrated by the lack of reported cases since the introduction of provisions for pre-registration contracts into the legislation.

The provisions may have been relevant, even important, in a time when there were no shelf companies and we did not have the technology we have today. As this is no-longer the case it is time we simply reverted back to the common law on pre-registration contracts. The common law would make it simpler for the promoter, the company and the third party when making contracts let alone on matters of contractual liability.

Discuss

Your answer should discuss the common law, statute law and relevant cases.

Reference no: EM13933674

Questions Cloud

Determine the vertical deflection : A 50-kg traffic signal is suspended by two 21-m cables which have a mass of 1.2 kg per meter of length. Determine the vertical deflection 8 of the junction ring A relative to its position before the signal is added.

Making customized components for system : A few days later a truck from Cool It Airon arrives at Richard's factory. Richard phones up Siobah and says he never agreed to the installation. When Siobah tells him about the fax, he realizes his mistake and tells her that he had sent it by acci..

How might potential clients respond to this approach : What aspects of these approaches might tend to marginalize or discount client perspectives? What single idea regarding assessment stood out for you as the most significant after completing the readings?

Introduce and explain the concept of social welfare : Introduce and explain the concept of social welfare. Be sure to contextualise the remainder of the assignment

Discuss the common law : Your answer should discuss the common law, statute law and relevant cases.

Some newer fixed assets which utilize latest in technology : MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Ronnie's Custom Cars purchased some fixed assets two years ago for $50,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling the..

Unreasonably low profit to drive him out of business : Recently, however, he noticed that the major grocery retailers now offer several of his products, such as rice snacks, organic herbs, and oils, at prices so low that he cannot possibly match them without losing money. Lang suspects that the retail..

Externality exists in a current market : Choose a case study from your home country where an externality exists in a current market. Illustrate the situation with externalities in your case study and the resulting deadweight loss in a diagram

Sh cleaning would report on its year end balance sheet : Inventory amount SH Cleaning would report on its year end balance sheet.

User Account

All Pages