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BAA215 Business and Corporate Law

Question

Answered

Questions:

You are required to answer one of two following questions

Question A: Business Law

Peter, a second-hand car dealer, purchased a car in the wholesale market for $15,000. Peter contracted to sell the car to David for $20,000, but David refused to take delivery of the car. Peter sued David for breach of contract.

Requirement:

(1) What damages can Peter claim? (40 marks)

(2) If Peter later sells the car to another purchaser for $18,000, what damages, if any, would Peter be entitled to? (60 marks)

Question B:

Corporations Law

Write a short letter of advice to a client whom has approached you, about which structure would be best suited to the client setting up a small  coffee shop.

Steps To Answer Business & Corporations Law Problem Questions

Style 1

The issues: • Identify the material (relevant) facts and NOT simply repeat the question
 
The law: •  Identify the legal issue (or issues) and the contents  

Cases: Identify the relevant case law (if any) 

Application: • Apply the legal principles and case law to the given facts 

Reaching a solution/conclusion: • Offer reasons for your conclusion (must be supported by or No answer with personal views is inadequate) legal authority) a simple Yes 

Sample Question:  

P agreed to buy 100 barrels of widget oil, which was stored in a large tank at D's depot. The tank contained a total of 10,000 barrels of widget oil. Before separating and barrelling P's oil, the equivalent of 1,000 barrels of oil leaked from D's tank. D then refused to deliver to P, claiming that the 1,000 barrels that leaked included her 100 barrels and that she would have to bear the loss. When P refused to pay, D wishes to sue her for the price. Discuss. 

1. Introduction:

Set the scene - give some background information about the question

2. Discussion:

Main body of the answer where you present the arguments/answers for your question

3. Conclusion:

Very brief summary of your answer

What has been achieved

What is the significance of your discussion

BAA215 Business and Corporate Law

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