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BULAW5915 Corporate Law

tag 0 Download 10 Pages / 2,257 Words tag 06-11-2020
  • Course Code: BULAW5915
  • University: Federation University
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  • Country: Australia

Question:

Complete task a. in A and task b. in B. Each task is worth 50 marks.

Assume you are invited by Lana to address a Board meeting to talk about options for the company. Lana asks you to talk about whether any of them may have breached their duties as directors.

  1. Write an explanation in preparation for this meeting, setting out what the duties of directors are under s.180(1)of the Corporations Act, explaining  the effect of s.180(2) and assessing whether any of the directors may have breached their duties under this section.

In your answer you should compare their situation to at least two cases you have studied.

Now assume that Rik, Lana and Patel agree that their only solution to the money problems facing Fruut is to move back to the old premises that are still empty. Lana suggests that the new lease is unenforceable anyway as Rik signed it with his name rather than that of the company. The agent for Watel Pty Ltd objects, saying that the lease is perfectly valid and enforceable against Fruut.

  1. Explain to Lana, Rik and Patel whether Fruut can be forced to keep leasing the new premises for the three year term. In your answer you should compare their situation to at least two cases you have studied

Is the lease in which Rick has entered is binding upon the organization?

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Total 10 pages

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My Assignment Help (2020) Corporate Law [Online]. Available from: https://myassignmenthelp.com/free-samples/bulaw5915-corporate-law/current-interest-of-relevance-to-australian.html
[Accessed 18 August 2022].

My Assignment Help. 'Corporate Law' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/bulaw5915-corporate-law/current-interest-of-relevance-to-australian.html> accessed 18 August 2022.

My Assignment Help. Corporate Law [Internet]. My Assignment Help. 2020 [cited 18 August 2022]. Available from: https://myassignmenthelp.com/free-samples/bulaw5915-corporate-law/current-interest-of-relevance-to-australian.html.


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