Reference no: EM13846737
You must use the ILAC format when answering these questions. (800 words)
Mark worked as route manager for United Trucks Pty Ltd in Queensland from 2003-10. A term of his contract was that if he should leave the company, he could not engage in the trucking industry in Queensland for six years. In 2011 he registered a company called Sunshine Trucks Pty Ltd. Mark owns 99% of the shares. The other 1% is owned by his brother, Greg, whom he elected as sole director and CEO.
Sunshine Trucks operates from Townsville and carries goods all over Queensland. All contracts for haulage of goods are signed by Greg in the name of Sunshine Trucks Pty Ltd. Greg also signed a contract on behalf of the company, taking out a loan of $ 2 million from Grasping Bank in 2011 as start-up capital. The company did well during 2011, 2012 and the first half of 2013, but in July 2013 was not able to repay a loan instalment of $ 100 000 owing to Grasping Bank Ltd.
Mark comes to you for advice after receiving two letters: One from United Trucks Pty Ltd requiring him to cease the operations of Sunshine Trucks Ltd in Queensland, the other from Grasping Bank Ltd threatening to sue him for $ 100 000. Advise him, citing all relevant legal authority.
Please note that you should assume that the restraint of trade clause in the contract that Mark had with United Trucks is valid under the law of contract, and so you should therefore not address that issue.
|
How were slaves acquired in africa
: How were slaves acquired in Africa, and how was slavery practiced in North America? How did paternalism work as part of the culture of race enslavement?No word limit or requirement
|
|
Two investment accounts
: You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,350 payments and has an interest rate of 7.2 percent compounded monthly. Investment B is a 6.7 percent continuously compounded lump sum i..
|
|
What have been the determinants of american
: What have been the determinants of American policy toward the Middle East? Further, have our strategic priorities shifted in recent years?
|
|
What were the several factors
: What were the several factors (or catalysts) that combined to make Revolutionaries of so many British-Americans, a mere twelve years after the French and Indian War--when they had felt a great surge in pride as British subjects?
|
|
The restraint of trade clause
: Mark worked as route manager for United Trucks Pty Ltd in Queensland from 2003-10. A term of his contract was that if he should leave the company, he could not engage in the trucking industry in Queensland for six years. Mark comes to you for advice ..
|
|
Make a list of reasons jefferson''s political
: Make a list of reasons Jefferson's political views differed from those of the Federalists. In an MLA style paper, reflect on how Jefferson went on to carry out those visions in a summary of 400 words.
|
|
The need for westward expansion
: Students will write a 350-word MLA style essay on the reasons for and the need for westward expansion and the Northwest Ordinance.
|
|
Explain how native american groups differed u.s. groups
: Explain how Native American groups differed U.S. groups in their attitudes and experiences as the two came into contact on the western frontier
|
|
Describe the conditions for freed slaves
: Describe the conditions for freed slaves after the passing of the 13th Amendment. Discuss new conditions in regards to laws, opportunities, migration, racism and education. Regular essay format. Introduction paragraph, thee body paragraphs and a conc..
|