Recent Question/Assignment

Sub: Business and Corporation Law
Q.1 Essay legal analytical question. (20 marks)
Ramsay and Janet are two directors and each 50% of shareholders of a company, the company was to be called Master plate Pty Ltd; on 22 February, Janet entered into a contract with Irish Linen Ltd to purchase 18 monogrammed tablecloths. He executed the contract in the name of Master Plate Pty Ltd.
On 24 February, the proposed company was registered. The company did not adopt a constitution. Due to dispute between Ramsay and Janet regarding the contract with Irish Linen Ltd, that contract was not ratified until 30 March.
On 1 April, Janet orders restaurant-quality cutlery from Carvers Pty Ltd. Janet affixes the company seal to the contract and signs it.
On 1 May, the tablecloths supplied by Irish Linen Ltd have been delivered to Master Plate but not paid for. Required:
A) Advise Janet whether the company is liable to pay external suppliers.
B) What the assumptions are Carvers Pty Ltd entitled to make?
C) Also advise Janet of the consequences for the company in not carrying on activities within its objectives.
Note: Need to answer the above questions according to Issue, Law, Analysis and Conclusion. Relevant sections for above questions are S128, S129, S180, S183 and so on.
Q.2 Short answer questions knowledge based. (5 Marks for each)
a) Providing reasons, whether or not you think the case Donoghue v Stevenson [1932] AC 562 advanced the law.
b) What is the legal effect of the decision in Salomon v Salomon [1897] AC 22?
c) Explain why a company may choose to go into voluntary administration and what are the possible courses of action that an administrator might advise the creditors to take after investigating the company.
d). When is it appropriate to bring a statutory derivative action (s236)?
e). Outline the steps a company must take if it wishes to modify its constitution.
f). Outline the obligations of a small proprietary company when it resolves to prepare a financial report and send it to members.
g). Can the failure to disclose a material personal interest hurt a director or the company?
h). Explain to a client why the rules governing the internal administration and management of their company can be replaceable.
i). Complete performance of all contractual obligations will generally discharge the contract, but what are the exceptions to the exact performance?

Editable Microsoft Word Document
Word Count: 1666 words including References

Buy Now at $19.99 USD
This above price is for already used answers. Please do not submit them directly as it may lead to plagiarism. Once paid, the deal will be non-refundable and there is no after-sale support for the quality or modification of the contents. Either use them for learning purpose or re-write them in your own language. If you are looking for new unused assignment, please use live chat to discuss and get best possible quote.

Looking for answers ?

Recent Questions

HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION Assessment Details and Submission GuidelinesTrimester T3 2020Unit Code HI6025Unit Title Accounting Theory and Current IssuesAssessment Type Group AssignmentAssessment...Group Assessment Details and Submission GuidelinesTrimester T3 2020Unit Code HI6026Unit Title Audit, Assurance and ComplianceAssessment Type Group AssignmentAssessment Title Assurance, Audit Fees and Good...Assessment 5: Case study reportAssessment type: Individual assignment (2000 words)Purpose: This assessment will allow students to demonstrate that they can identify, assess, and analyse the situation provided...Your Task• You are required to prepare a business letter to answer all of the following questions.• You are also required to prepare a short video presentation (3 to 5 mins) summarising the key issues...there are two files one word with every thing you need the other is excel to do calculation and depends on the output result write a report.RESTRUCTURING THE WATER AND SEWER UTILITY IN SAMZ________________________________________Major...This project requires you to design requirement specification models for Kayak Melbourne and finally recommend an appropriate solution that consists of several sub-systems. A sub-system is a system that...2. Personality Profile Report—Due Friday 29th January, 8pmThis assessment will require you to score and plot your own personality profile data and your other-rater profile data. You will have self and...Show All Questions