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Sam and Daniel, who are young entrepreneurs, formed a partnership called S-D Enterprise, to sell high tech drones. Neither of them have any past experience in selling high tech devices and hence approached Teresa for help. Teresa agreed to provide her expertise to the firm provided she is given a 20% share of the profit made by the partnership. Under Teresa's stewardship the firm prospered.Sam and Daniel left the firm under the sole management of Teresa. Unknown to Sam and Daniel, Teresa borrowed RM100,000 from Ah Long Finance in the firm's name, purportedly to finance an expansion of the business. Ah Long Finance loaned the money to her, believing it to be for the firm, at an interest rate of 15% over current Bank Negara's rate. Teresa used the loan amount to purchase a multi-purpose vehicle which she uses mainly for her private purpose. The firm failed to make repayment of the loan. Discuss the liabilities of the parties to Ah Long Finance.
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.
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