Answer 1. Issue Whether a liability can be imposed by Lynton on all partners in the partnership based on the actions of Lance? Whether any legal remedies available for other partners against Lance? Rule A legal relationship that is constructed between two or more parties for the purpose to run a business is referred to a partnership. It is a common form of business structure, which is selected by parties to run their business with others. T...Read More >>
Answer Issue First case comprises the issue regarding the presence of enforceable contract between Bob and Mike. Second case comprises the issue related to the legal rights on the part of Tom and to extend a legal advice to offeror Bob about his legal duties towards Tom. The third case involves the issues regarding the past consideration between Steve and Bob and discussion about the legal obligations on the part of Bob. Fourth case contai...Read More >>
Answers Case Study 1 Facts of the case Lance is a partner in the herbal product partnership business. All the three partners have come to an agreement to purchase a car for the business and Lance was instructed not to spend on the purchase beyond $ 20000. Lance purchases a car from the seller Lynton, who was selling the Ute car for the company Mighty Motors Pty Limited. The car which was bought by Lance amounted to $ 25000 which was beyond t...Read More >>
Answers Case Study 1 In this case study, the issue is if the partnership is bound by the contract created by Lance with Mighty Motors Pty Ltd for the purchase of a new Ute at a price of $25,000, while the partners have agreed that Lance should not spend more than $20,000 on the purchase. Hence, it has to be seen if this contract is binding and is the other partners and if the other partners can take action against Lance. According to the par...Read More >>
Answers 1. Issue The issue which needs to be determined in accordance to the scenario is that whether herbal products business would be liable to the contract entered upon by Lance based on the principles of partnership Law Rule The partnership Act 1963 governs the operation of partnership businesses operating within Australia. At common law the partnership business is bound to the act of its partners and in the same way the partners operate...Read More >>
Question: 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 five case studies 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 rules that requires discussion in the case study Apply th...Read More >>
Task: This assessment addresses the following subject learning outcomes:1) Demonstrate a sound comprehension of the essential elements required to create, manage and discharge a contract and assess the remedies available for breach of a contract;2) Examine legal principlesrelated to creation and operation of various forms of business organisations and critically evaluate their effectiveness across a range of business scenarios.3) Explain the p...Read More >>
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