Get 20% Off + $20 Signup Bonus ! Limited Time, Hurry !
Get 20% Off + $20 Signup Bonus ! Limited Time, Hurry !
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Stuck on Your Question?

Get 24x7 live help from our Top Tutors. All subjects covered.

loader
250 words

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Students Who Viewed This Also Studied

25 Pages
BT20403 Commercial Law

Apple has just launched its new iPhone model in November 2020 of which Kai bought the iPhone 12 Pro Max model in pacific blue colour for RM5299.00. A week later, Kai wanted to sell the iPhone to buy t ...

Course

BT20403

Type

Assignment

Subject

Business Law

University

Open University Malaysia

5 Pages
Business Management

Learning outcomes 1.      Demonstrate knowledge of contractual obligations within their social, practical and economic contexts as they impact on consumer and commercial ...

Type

Assignment

Subject

Business Law

6 Pages
Business Judgement Rule

Issue Type: Poor work - Correction requiredhi.. My lecturer has seen the answers and he simply said that its a big bullshit..all the answers are not at all relevant..So changes are required in the fol ...

Type

Assignment

Subject

Business Law

23 Pages
Coffee Picker In Brazil

1OF 3 MBS662 Business Society and the Environment Case Study Section A: Long case analysis response (total 750 words) Provide aresponse to the case study from the perspective of each of the follow ...

Course

MBS662

Subject

Business Law

University

Murdoch University

Season

spring

200432 Commercial Law

Question

Answered

Questions:

1.

Alice, aged 50, took a redundancy package during COVID-19 in 2020, from her job teaching dance at the Drama College. She left the College with $50 000 from the package. Alice sees an opportunity to set up a business which will provide online Zoom conference and meeting attendees with breakout sessions that consist of music and dance exercises. Alice has no digital or marketing experience, but her jogging partner Dave does, and he already runs a company Digital Dollars Pty Ltd. Dave thinks that Alice’s idea is a very profitable one and he suggests that his company could build a website, and set up and roll out a digital marketing campaign to advertise the new business to conference providers and large organisations. He suggests that his company would pay its own costs and in return would take a fixed fee for every new client attracted.  He would also like his company’s role in the venture to be acknowledged in any media and documents put out by the business.

Alice’s friend Siyi, with whom she used to be in a dance company, has recently inherited a large amount of money from an aunt. Siyi likes the idea of investing some of that money in dance, and Alice tells Siyi she could use another $50 000 to purchase the most up to date recording equipment and augmented reality applications. Siyi doesn’t want to be involved in or responsible for any part of the business operations, but is happy to see a good return on her investment.

Advice Alice what are the possible business structures she could use, and what are the advantages and disadvantages of each? Which do you advise is the most suitable here?

Explain your answer with reasons for your statements, and using any relevant sections of the legislation, and case law, that you have studied in class.

2.

Sasha and Emi are two friends who met when they worked together as chefs at a famous restaurant in New York, but both have now moved to Adelaide. They have decided to set up their own restaurant which will ‘fuse’ the best of the cuisines of Japan (where Emi was born) and Australia (where Sasha comes from. Each of them has come from New York with $100 000, which they want to invest in the new business.

  • They decide that a company would be the best structure for their situation. Sasha and Emi would be the two directors.

They want to reflect their own names in the business so they call it Sashemi.

Advise them what registration steps they need to take to be able to trade as a company, and with this business name

  • They decide to issue 10000 $10 shares to each of them, reflecting the capital they have equally contributed.

Emi’s situation is quite straightforward. She is single with no family in Australia. She intends to simply own her shareholding in her own name.

Sasha, on the other hand, has a partner, who is a doctor, and two young children. Before her spell in New York, Sasha and her partner established a Family Trust, and Sasha wants her interest in the new company Sashemi Pty Ltd, to be held through the family trust.

Advise Sasha whether, and if so how, her interest in the restaurant company can be held through the family trust.

  • It is one year after the company was incorporated, and business is going well. An important Japanese trade delegation visits Adelaide, and the restaurant hosts a banquet for them. Unfortunately the banquet, designed to showcase local produce, includes a mushroom which may have been poisonous, and was picked by Sasha in the local forest. The husband of one of the visiting delegation becomes seriously ill. He is in hospital for several weeks, which causes great expense and delay, including him missing key acting auditions back in Japan, and causes anxiety to his wife, not to mention embarrassment to the local government.

Emi is for furious with Sasha her careless mushroom-collecting. When the visitor starts proceedings against the restaurant for a six-figure sum, Emi says that as it is Sasha’s fault, Sasha or her family trust should be liable to pay the damages.

If the proceedings are successful, where does the liability to pay the damages lie?

  • It is three months after the mushroom affair, and it turns out the restaurant won the proceedings. (An expert witness showed that mushroom wasn’t poisonous to humans, and that the visitor had an unknown allergy to allmushrooms).

However, the publicity of the trial has been really good for Sashemi’s business. They have full bookings for the next three months.

Sasha and Emi now think that they need to open a more informal version of the restaurant, catering for breakfast and lunch in the city and helping with the increased demand.

They need more capital to fit out the new premises in the CBD. They would also like to bring more investors on board and have many friends and customers interested.

Advise them whether they need to convert to a different type of company in order to expand and take on more capital and thus shareholders.

200432 Commercial Law

Answer in Detail

Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

23 More Pages to Come in This Document. Get access to the complete answer.

MyAssignmenthelp.com boasts a team of qualified and experienced cheap essay writers committed to provide high-quality essay help solutions at affordable price. MyAssignmenthelp.com has become the best place for students who often search can someone do my essay cheap or can experts write my essay at affordable prices. Despite providing affordable essay help services, we never compromise with the quality of our services. With years of experience in academic writing and in-depth subject knowledge, our experts best cater to the search term, Do my essay online at reasonable price.

More 200432 200432 Commercial Law: Questions & Answers

Q
icon

We aren't endorsed by this University

BT20403 Commercial Law

Apple has just launched its new iPhone model in November 2020 of which Kai bought the iPhone 12 Pro Max model in pacific blue colour for RM5299.00. A week later, Kai wanted to sell the iPhone to buy the same model but in graphite colour. Kai offered his best friend, Sid the phone for RM5000.00. Know ...

View Answer
Q

Business Management

Learning outcomes 1.      Demonstrate knowledge of contractual obligations within their social, practical and economic contexts as they impact on consumer and commercial transactions. 2.      Research and access legal information from a var ...

View Answer
Q

Business Judgement Rule

Issue Type: Poor work - Correction requiredhi.. My lecturer has seen the answers and he simply said that its a big bullshit..all the answers are not at all relevant..So changes are required in the following way:- 1. Que 1, task A what is business judgement rule (5 marks ) and principle (10 marks).. ...

View Answer
Q
icon

We aren't endorsed by this University

Coffee Picker In Brazil

1OF 3 MBS662 Business Society and the Environment Case Study Section A: Long case analysis response (total 750 words) Provide aresponse to the case study from the perspective of each of the following stakeholders and make reference to relevant theories, concepts, debates and dilemmas in your an ...

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

Choose Our Best Expert to Help You

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?