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You must answer the two problem-type questions below, using the ILAC (Issues, Law, Application, Conclusion) format.
Q 1. Road Measuring Professionals is a surveying firm based in Newcastle, NSW. Its major client is the New South Wales government, for whom it surveys roads that are under construction. Smith, Jones and Peters have been partners in the firm for some time. There is an agreement between them limiting the authority of the partners to contracts up to $ 10 000. Smith has often purchased surveying equipment on behalf of the firm from Sydney Engineering Supplies, dealing with its manager, Mary.
Q 2. David Bradbury used to run a second-hand car yard as a sole trader. However, as part of a sentence for fraud imposed by a court two years ago, David was prohibited from “ buying and selling new or used vehicles” for a period of five years. Breach of this order is prosecutable as contempt of court.
David is however desperate to go into business again. He hears that a good opportunity exists to start a second-hand car dealership in a suburb of Sydney. He also hears that a vacant lot is available for lease. Because several other businesses are eager to lease it, he rushes to the owner of the site, Invests Real Estate Ltd, and signs a 1-year lease for $ 50 000 on 5 January. Occupation of the premises and payment of the $ 50 000 is due to take place on 1 February.
Issue
In this paper, the issue to be discussed is whether Mary and Used Trucks Ltd recover the payment from Road Measuring Professionals for delivering the equipment and truck.
Law
The Partnership Act, 1892 (NSW) deals with the formation of partnership businesses in Australia. According to section 1 of the above-mentioned Act, when a collaboration between two or more individuals performing the functions of a corporation with a shared goal of revenue is referred to as a partnership (Murray, 2016, p. 176). Read More.
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Ans: The different types of business law case studies are:
Banking law case study
Bankruptcy law case study
Consumer credit law case study
Contract law case study
Tenancy law case study
Mortgages case study
Sale law case study
Ans: Here are the steps to write a proper business law case study:
Understand the question well
Analyse the information in the case
Arrange the alternatives
Develop a hypothesis
Structure your arguments
Provide a solution
Ans: You can signup with MyAssignmenthelp.com to get the right help with business law case studies. You will be able to access the examples and properly understand the tasks. You can refer to them once you start working on the assignments.
Ans. Business or commercial law denotes the body of law that governs business and commerce and is often considered a branch of civil law that deals with issues of private and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sale of consumer goods. The scope of business law can be found in international treaties and domestic regulations. The United States is one of the few countries with no domestic regulations governing business law.
Ans. Business law broadly governs the areas of sales and commercial transactions. Business law case studies take a specific scenario, fictional or otherwise, and pose questions on the same. It involves a dispute between two legal entities involving mortgages, contracts, bankruptcies, etc. Students pursuing business law are given specific dispute situations to come up with possible legal solutions.
Ans. The best place to find remarkable business case studies is MyAssignmenthelp.com. We have roped in renowned stalwarts on board, like reputed professors, research scholars, industry consultants, and guest lecturers who are highly skilled and have more than 10 years of experience. Thus, they ensure to deliver genuine and information-rich case studies within deadlines and can help you sail through your semesters like champions.
Incorporate a call to action
Ans. Certain common terms of business law you need to know if you aim to ace your papers are abandoned property, abated bequest, abstract of title, bad check, bailee’s lien, bankruptcy, Bill of rights, Breach of contract, callable bond, class-action suit, disability income insurance, disclaimer of warranty, etc.
Ans. There are numerous common business law principles, among which three emerge to secure fair and equal distribution of available property among creditors, free the debtor from his debts, and enquire into the reasons for his insolvency.
Ans. Business law helps business owners be aware of the rights and laws against other businesses, individuals, and vice-versa. Thus, both can use them in cases of fraud and misery in business. Business laws also help in managing decision-making roles on an everyday basis without constant help from the legal department.
This also helps companies make better financial calls, employee policies, and legal decisions to help companies manage their profits, employee benefits, and overall position in the market.
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