Identify the reasons for choosing one business structure

Assignment Help Business Law and Ethics

Reference no: EM131282640

1. Explain the historical foundations of the Australian legal system and the current sources of law.

2. Describe the essential elements required to create, manage and discharge a contract and the remedies available for breach of contract.

3. Explain the different ways in which a business may be carried and the advantages and disadvantages of each method.

4. Identify the reasons for choosing one business structure over another.

5. Explain the processes for incorporating, managing and winding up a company.

Context:

This assessment allows students to solve practical problems that arise from a fact scenario and to give appropriate advice to clients.

Instructions:

There are three case studies that you are required to critically analyse. With respect to each case study:
- Identify the legal issue(s) arising from the facts of the case study
- Identify the appropriate legal principles that requires discussion in the case study
- Apply the law to the facts of the case study
- Reach a conclusion/ give practical advice to your client.

Your analysis should refer to appropriate cases and statutes and be referenced using the Harvard Reference system. You will be assessed in accordance with the Assessment Rubric.

Case Study 1

Lance purchases a new ute from Mighty Motors Pty Ltd for $25,000. He tells Lynton, the car salesperson that he is a partner in a herbal products business. Lynton is aware of the business as he has read an article about it in the local newspaper.

The three partners had agreed that a car would be purchased for the business but Lance was instructed not to spend over $20,000. Lynton is completely unaware that Lance has a purchasing limit.

Will the partnership be bound by this contract? Can the other partners take action against Lance?

Case Study 2

Xiaojing is keen to sell her products. The business produces a lavender and Echinacea moisturiser. The business produces an advertising flyer that states the moisturiser will ‘slow the effects of ageing'. This is false.

The partnership is not happy with the Ute - they think they have bought a ‘lemon'. They decide to sell the car to Saqlaim a refugee from Syria who has little understanding of English. Fast talking and charismatic Lance talks him into purchasing the car. He enters a contract with a finance company to purchase the car.

Will Saqlaim be bound by the contract? Do consumers have a remedy regarding the claims re the moisturiser?

Case Study 3

Felix a uni student aged 20 is keen to earn some income during the summer holidays. He is employed as a casual to pick lavender. He will be paid $25 cash per bag.

One Sunday Xiaojing tells him that he is doing such great work she will pay him an extral $100 for work he did yesterday clearing garden beds.

She reneges on her promise and Felix is outraged. He wants to know if he can sue Xiaozing for the $100. Advise Felix.

Reference no: EM131282640

Questions Cloud

Explain how the individualists see the future of man : Explain how the Individualists see the future of man. Outline and explain the vague elements taking shape in the new world order: explain how it is evolving. What does the world seem to be doing?

Trade off between inflation and unemployment : Why do policy makers face a short run trade off between inflation and unemployment and how can the inflation-unemployment tradeoff disappear in the long run?

Determine probability of outage experienced by the receiever : Following the material presented on Rayleigh fading, derive the probability density function of (9.64).- Determine the probability of outage experienced by the receiver.

Sales promotion methods and trade sales : The difference between consumer sales promotion methods and trade sales promotion methods is a) with consumer sales promotion, marketers try to persuade retailers to carry their products.

Identify the reasons for choosing one business structure : LAW 6000 - Business and Corporate Law Explain the historical foundations of the Australian legal system and the current sources of law and describe the essential elements required to create, manage and discharge a contract and the remedies available..

Write an eassy about the workplace -todays challenges : Write an eassy about The Workplace -Today's Challenges

Draw the schematic diagram of an emitter follower : Draw the schematic diagram of an emitter follower. Tell me why this circuit is widely used in power amplifiers and voltage regulators.

Probability the instantaneous snr of selection combiner drop : The average SNR in a selection combiner is 20 dB.- Compute the probability that the instantaneous SNR of the selection combiner drops.

Examine the painting before bidding : Both bidders can examine the painting before bidding. After examination, bidder 1 gets signal x1 and bidder 2 gets signal x2. Both x1 and x2 are independently drawn from a uniform distribution on [0; 1]. Let us assume that if a bidder is an expert..

Reviews

len1282640

11/19/2016 6:31:25 AM

Evaluation and Justification of Information provided to clientSystematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Information is taken from sources with a high level of interpretation/evaluation to develop a comprehensive critical analysis or synthesis. Identifies gaps in knowledge. Exhibits intellectual independence, rigor, good judgement and adaptability. Correct citation of key resources and evidence Demonstrates use of high-quality, credible and relevant resources to support and develop arguments and position statements. Shows evidence of wide scope within and without the organisation for sourcing evidence

len1282640

11/19/2016 6:30:51 AM

Effective communication while giving advices to client - Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments. Engages and sustains audience’s interest in the topic, demonstrates high levels of cultural sensitivity Effective use of diverse presentation aids, including graphics and multi-media. Application of knowledge to practise while providing appropriate advice to clients Demonstrates cultural sensitivity. Analyses the impact of financial, social, political, environmental issues on the business; and where relevant, as they relate to different countries where the business may operate. Critically demonstrates commercial awareness of product development/service provision and cost relationships. Holistic understanding of business and its risks. Assesses the impact of information and communication systems on the operations of the business. Critical understanding of the global market opportunities and competitive environment.

len1282640

11/19/2016 6:30:25 AM

Assessment Attributes Evaluation of information selected to support the case study 20 % High Distinction 85-100 (Exceptional) Systematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Information is taken from sources with a high level of interpretation/evaluation to develop a comprehensive critical analysis or synthesis. Identifies gaps in knowledge. Exhibits intellectual independence, rigor, good judgement and adaptability

Write a Review

Required(*) Message

Business Law and Ethics Questions & Answers

Legal environment of business caselet

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..

Business ethics & legal issues caselet

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.

Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

Discuss the extent of phoenixing activity

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.

Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

Question on business law and ethics

This assignment related to business law.

Questions on business law

Answer all the questions under business law.

Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

Evaluation of software development

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

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 ..

Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Assured A++ Grade

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!

Submit Assignment

User Account

All Pages