Answer: Role of ASIC ASIC or Australian Securities and Investment Commission is an independent governing body in Australia that works as an integrated consumer credit, corporate, markets and financial services regulator. It operates under the Corporations Act 2001 and ASIC Act 2001. This particular segment discusses the investigation done by ASIC upon the top financial institutions regarding their governance of non-financial risks. The Articl...Read More
Answers: 1 A sole trader is considered as an individual or any entity who practices a business alone. It is measured as the easiest method of occupation and the inexpensive procedure of the commerce where other than the sole trader no other person or entity shall be obligated for the profits incurred and the losses in the business. A Company is mentioned as any body or organization that is devouring a separate individuality separately f...Read More
Question: Discuss About The Australian Securities Investments Commission? Answer: Introduction: The main aspect which is highlighted by this decision is the importance which has been placed on the role of the senior executives and the directors, which include both non-executive and the executive directors when implementing and considering essential strategic matters related to the company. The issue apart from being with respect...Read More
Question: Discuss about the Analyzes the Case of ASIC v Citigroup. Answer: Introduction: This report analyzes the case of ASIC v Citigroup (2007) that was about fiduciary duty. Citigroup is an American based multinational investment banking and financial service provider. Along with this, this report provides the detail introduction of the case happened between ASIC and Citigroup. Furthermore, it identifies and analyzes the ...Read More
Question: Discuss about the Electric Light and Power Supply Corporation Limited. Answer: Introduction The legal notion and definition of a company has undergo tremendous change with time as modifications have been made to both legislative and judicial definition of a company. In the judicial interpretation of a company and the following statutes, one case that manages to stand out is the Saloman v Saloman & Co Ltd 1897 A...Read More
Question: Describe about the Business and Corporations Law for Law Principles. Answer: 1. Issue The central issue in the given situation is to ascertain if the parties actually intended to enter into legal relations for the enforcement of mutual obligations. This is imperative as this is a key requirement for the enactment of a valid and enforceable contract and that too in cases where the parties are inter-related. Richard’s ...Read More
Question: Disucss about Business Corporation and Law for Essential Part of Contract. Answer: Meaning of consideration The price which is stipulated by the promisor in exchange of his promise is known as the consideration. Consideration is an essential part of a contract. It is the sine qua non of any contract. A contract is considered to be void if it lacks a valid consideration. A promise becomes binding only when there is a valid...Read More
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