Reference no: EM131207017 , Length: word count:1500
a) Demonstrate a working knowledge and understanding of the principles of Australian company law within the context of the prescribed readings.
b) Identify and analyse relevant facts, problems and legal issues from a given scenario and develop an argument in response, discussing available options in the context of company law
c) Interpret company law legislation, to complete transactions based on that legislation and relevant case law, and to discuss the relevant transactions clearly in class.
d) Appreciate the role of compliante and the requirement that organisations and individuals must follow the laws that apply to their industry areas.Question One: 500 words Answers must be supported by case and statute references.
Jack, Jill and Max are the owners of a very successful business selling trucks. They have been in business for only 12 months and have not organised a formal business structure. The business is growing rapidly and they want to update their business structure to a more appropriate structure. They seek the advice from you (a corporate adviser). You advise that they have a number of options all of which have advantages and disadvantages.
What would be your recommendations to them and why?
What factors would influence your advice? Be sure to discuss the legal liability of the participants in the business.
Question two: 1000 words Answers must be supported by case and statute references.
Marty is the only director of Child Toys Supreme Pty Ltd (Child Toys) which makes and sells cheap children's toys in Australia. The company has a salesperson, Betty. Betty has promised retailer customers that the toys have no harmful plastic chemicals in the toys and this is not true. The retailer customerslose sales whenthe truth comes out about the toys' chemical elements. A child is seriously injured because of the harmful chemicals in the toys.
For the past five years Charles has been the Operations Manager for the company. Due to his senior position Charles knows the identity and requirements of the company's major clients.
In March thisyearCharles decides to retire. As partof his employment contract with the company Charles has agreed not to compete against the company for two years.
In June this year Charles and his wife, May, decide to start a business selling children's toys in competition with Child Toys Pty. Ltd. May forms a company to run this new business, Better Toys Pty. Ltd. May is the sole director and May and Charles are the sole shareholders in the new company. May and Charles approach customers of Child Toys Pty. Ltd offering to sell toys.
- What types of corporate liability can Child Toys Pty Ltd be exposed to because of Betty's actions?
- How can Child Toys Pty Ltd take possible legal action against Charles because of his actions?
We recommend a minimum total of TEN statute and case references per question. Work that includes sources that are not properly referenced according to the "Harvard Referencing Workbook" will be penalised.
|
Public safety administrator
: Do you believe there are different skills required as a public safety administrator than those required to lead a private/non-public organization?
|
|
Describe intersectionality and discuss its major components
: Describe intersectionality and discuss its major components. What were the major concepts behind the activities from class? How does this concept relate to the LGBTQ community?
|
|
Placing a premium on excellence in strategic planning
: Per the text, the health care industry is known as one of the most complex operational environments, placing a premium on excellence in strategic planning and management. Determine the key reasons why health care marketing professionals should rea..
|
|
Determine the net present value of the project
: Janes, Inc., is considering the purchase of a machine that would cost $530,000 and would last for 6 years, at the end of which, the machine would have a salvage value of $53,000. The machine would reduce labor and other costs by $113,000 per year. Re..
|
|
What types of corporate liability can be exposed
: Corporate Law - BO1CLAW314- What types of corporate liability can Child Toys Pty Ltd be exposed to because of Betty's actions and - How can Child Toys Pty Ltd take possible legal action against Charles because of his actions?
|
|
Determine the period and determine the average value
: Determine the period. - Find the frequency. - Determine the average value. - Sketch the resulting oscilloscope display if the vertical channel is switched from DC to AC.
|
|
Legal and ethical issues of a medical error case
: Health care providers are fallible and will make mistakes. Unfortunately, these errors can sometimes have dire consequences for patients-and health care providers and organizations may be held liable for the harm that resulted.
|
|
Total fixed costs to produce this product
: Harder Company manufactures a product that sells for $50 per unit. Harder incurs a variable cost per unit of $30 and $3,400,000 in total fixed costs to produce this product. It is currently selling 200,000 units. Should Harder give a commission to it..
|
|
Discuss the process of evolving a group into a team
: Evaluate the leadership styles that are effective for managing groups and teams, including unique considerations for leading multicultural teams.
|