HA3021 Corporation Law Assignment
Weight : 40%
Total marks : 100
Word limit : 2000
Purpose of the assessment (with ULO Mapping) :
Student will study, analyse, and conduct academic work on the topics of Corporation Law from week 1 to week 10 (ULO 1, 2, 3 and 4).
Student will study, analyse, and perform academic assignments related corporation law. This activity will cover ULO 1, 2, 3, and 4.
HA3021 Corporation Law Assignment
Academic Integrity Information : H. I. is committed to ensuring and upholding academic integrity. All assessments must comply with academic integrity guidelines. Please learn about academic integrity and consult your teachers with any questions. Violating academic integrity is serious and punishable by penalties that range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
Penalties :
• All work must be submitted on Blackboard by the due date and time, along with a completed Assessment Cover Page. Late penalties apply.
• Your answers must be based on Holmes Institute syllabus of this unit. Outside sources may not amount to more than 10% of any answer and must be correctly referenced in full. Over-reliance on outside sources will be penalised
• Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Holmes Institute Adapted Harvard Referencing. Penalties are associated with incorrect citation and referencing.
Individual Assignment Guidelines and Specifications
Question 1
Johana Jely and Rany Ray desire to launch a business. They have extensive experience working at a local supermarket but have only ever worked as employees and have never opened or run any type of business enterprise. They want to operate the proposed business as simply as possible by themselves. Additionally, after their business is set up, they do not want the public to easily find out what kind of business they are running. Despite their lack of business experience, they are proactive and committed to making their business a success. In the future, they anticipate needing additional capital from outside sources to expand the business.
What type or types of business structure would suit them best? Explain your answer. (Maximum 700 words)
QUESTION 2
Mark Eshaka is the executive director of Easy Supply Chain Management Pty Ltd, an established company founded in Brisbane in 1996. The company has four members/shareholders, including Mark, each owning twenty-five percent of the company’s shares. According to Easy Supply’s constitution, all loan contracts must bear the signatures of at least two directors to be valid.
Mark plans to retire in 2024. Having been with the company since its inception, he believes he deserves a reward for his years of faithful service. Mark visits a yacht dealership in Nelson Bay and orders a boat worth $400,000, signing the contract as a director of Easy Supply Chain Management Pty Ltd. When the boat is delivered and the dealer sends the invoice to Easy Supply Chain Management Pty Ltd, the board of directors is livid and refuses to pay for the boat. They also want to take legal action against Mark. The boat dealer threatens to sue Easy Supply if the boat is not paid for.
Answer the following questions:
(a) Did Mark have the authority to sign the contract to buy the boat? (Maximum 350 words)
(b) Is Easy Supply Changed Management Pty Ltd legally obliged to pay for the boat? (Maximum 350 words)
QUESTION 3
John Kerry is a promoter of a new company, Tech Innovations Pty Ltd. As a promoter, John played a crucial role in forming the company and securing initial investors. He negotiated and signed several contracts on behalf of the company before it was formally incorporated. During this process, John: entered into a lucrative contract with a supplier, but he secretly received a commission from the supplier for securing the deal; he had his personal financial interest in a contract between Tech Innovations Pty Ltd and a property leasing company, where John also has a significant ownership stake.
Answer the following questions relating to company promoters.
a) Under the statutory law and common law, is john follow the rules? what are the most important duties of a company promoter? (Maximum 300 words)
b) What are the remedies available to a company if john breaches his duties? (Maximum 300 words)
To Be Continuous…
Excellent Assignment Help
We Aim At:
- Lowest Price.
- 100% Uniqueness.
- Assignment Fastest Delivery.