{"id":760,"date":"2015-12-24T23:47:52","date_gmt":"2015-12-24T12:47:52","guid":{"rendered":"http:\/\/casestudyhelp.com\/sample-questions\/?p=760"},"modified":"2018-01-25T17:41:45","modified_gmt":"2018-01-25T06:41:45","slug":"law2106-assignment-help","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/law2106-assignment-help\/","title":{"rendered":"LAW2106 ASSIGNMENT HELP"},"content":{"rendered":"

LAW2106 ASSIGNMENT\u00a0<\/span><\/h2>\n
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Question 1<\/strong>\u00a0(20 marks)<\/div>\n
David\u00a0had a great idea for a new app, called\u00a0Bookface,\u00a0which allowed\u00a0book enthusiasts\u00a0to\u00a0discuss\u00a0their favourite novels.\u00a0David incorporated a new company,\u00a0Start Up\u00a0Pty Ltd\u00a0to market the\u00a0app.\u00a0David\u00a0was the so\u00a0le director of<\/div>\n
Start Up\u00a0Pty\u00a0Ltd\u00a0but the company had three\u00a0shareholders, David and\u00a0his brother and sister John and Jane. Each held one share each.\u00a0John and Jane\u00a0were not involved in\u00a0the company other than to the extent that they contributed start<\/div>\n
-up capital and were\u00a0in turn\u00a0provide with\u00a0shares.\u00a0Start Up\u00a0Pty Ltd entered a contract with a web developer\u00a0, Susan,<\/div>\n
to develop the app\u00a0and paid a small\u00a0deposit\u00a0out of the monies contributed to Start Up Pty Ltd by John and Jane.<\/div>\n
Susan worked\u00a0day and night on\u00a0the Book face project for one month but just before completing her\u00a0work saw a news story featuring David, who had sold his\u00a0Book face\u00a0idea to Big Blue Co Ltd\u00a0for a\u00a0large\u00a0undisclosed sum.\u00a0Susan tried to contact\u00a0Start Up Pty Ltd but their office had been shut down.\u00a0A search\u00a0of the company\u00a0confirms that it has no assets and Susan is unable to obtain payment for the work she has\u00a0performed.\u00a0Advise Susan if she has any \u00a0recourse against David\u00a0? John and Jane have also\u00a0been left empty handed\u00a0as David\u00a0\u2019\u00a0s contract with\u00a0Big Blue Co\u00a0Ltd\u00a0was in his own name, making no reference to Start Up Pty\u00a0Ltd.\u00a0Do John and Jane\u00a0have any recourse against David?<\/div>\n
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Question 2<\/strong> (20 marks)<\/div>\n
Steven, Grace and\u00a0Amanda\u00a0are siblings\u00a0.\u00a0Their\u00a0father operated a\u00a0very successful\u00a0pub and upon\u00a0passing away, left the pub to them in equal shares.\u00a0Steven, Grace and\u00a0Amanda\u00a0seek your advice as to how they should operate the pub. They all wish\u00a0to be involved\u00a0as they have all had successful careers and now\u00a0would like\u00a0a new challenge\u00a0. None<\/div>\n
of\u00a0the children\u00a0have\u00a0had any experience in operating a pub as they were raised by their mother who\u00a0had separated from their father while they were still very young\u00a0and\u00a0therefore, have not spent much\u00a0time in or around pubs.<\/div>\n
They have each accumulated significant\u00a0wealth during their\u00a0previous careers\u00a0in medicine and law\u00a0and\u00a0wish to<\/div>\n
prote\u00a0ct\u00a0this from any risk associated\u00a0with operating the pub.\u00a0The\u00a0pub has operated very successfully in recent years, with a profit in excess of $5,000,000.00 per year.\u00a0Steven Grace and Amanda have requested that you provide them with two alternative business\u00a0structures to choose from.\u00a0Advise Steven, Grace\u00a0and\u00a0Amanda\u00a0,\u00a0by\u00a0reference to the information provided,\u00a0of two\u00a0business\u00a0structures and the pros and cons of each. The\u00a0business\u00a0structures you may suggest should be\u00a0selected from the following list:\u00a0–<\/div>\n
\u00a01.\u00a0Partnership;<\/div>\n
2.\u00a0Fixed\/Unit Trust;<\/div>\n
3.Discretionary Trust;<\/div>\n
4.Proprietary\u00a0Limited\u00a0Company<\/div>\n
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