Questions On Business And The Law - 1736 Words

LEGT1710: Business and the Law Assignment Task 2 Weighting – 20% of Course Mark Advise whether Billy is entitled to the extra $20,000 and the share in the farm? Introduction of the case Choy owned a rural farm in NSW with his second wife Maggie. His son Billy work for Choy on his farm for one year, He is now struggling with whether he can get the extra $20,000 and part of share of the farm which his father Choy has promised earlier to give him additionally after he finished one year work in the farm completely. In this case, firstly it is critical to determine the facts base on the case description and secondly should apply for the relevant issues and indicates the statutory provision, which applies the situation. After that, using those evidences to prove whether the contract exists or not. Other than that, it is also necessary to point out the damage for Billy. As a result, a possible conclusion is that Billy should be entitle to get the extra $20,000 and the share from Choy, this is regarding to the oral contract between the two parties Choy and Billy. 1) Is there any contract involved in this case? To advice Billy whether he could entitle to the extra money and the share, the first thing to identify is there is the contract exist between the two parties. Legal enforceable contract can be both in oral or written contract, it should contain several elements, including intention to create legal relations, agreement, consideration, legal capacity, genuine consentShow MoreRelatedBusiness Law Question1113 Words   |  5 PagesUBML1053 BUSINESS LAW THURSDAY, 15 DECEMBER 2005 TIME: 2.00PM – 4.00PM (2 HOURS) BACHELOR OF COMMERCE (HONS) ACCOUNTING YEAR ONE Instructions to Candidates: Section A : [Total: 40 marks] 1. This section consist of ONE (1) compulsory question 2. Answer ALL the sub-questions. Section B : [Total: 60 marks] 3. This section consists of THREE (3) questions. 4. Answer only TWO (2) questions. 5. No marks will be given for any extra questions or sub-questions (i.e. parts a, b or c in a question) attemptedRead MoreBusiness Law Questions and Answers10157 Words   |  41 PagesANSWERS TO AICPA QUESTIONS CHAPTER 10 INTELLECTUAL PROPERTY RIGHTS AND THE INTERNET 1. (a) Computer software is covered under the general copyright laws and is therefore usually copyrightable as an expression of ideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1, 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes, which are human readable, and in machine readable objectRead MoreQuestions On Business Government And Law2156 Words   |  9 Pages Assignment Coversheet Faculty of Business Government Law Student Name Chuol W Chielieth Student ID number U3132065 Unit name Justice Administration and the Constitution Unit number 8078 Name of lecturer/tutor Karen King Assignment name Final Exam Due date You must keep a photocopy or electronic copy of your assignment. Student declarations This is all my own work and other sources are properly credited - I certify that the attached assignment is my own work. Material drawn from other sourcesRead MoreBusiness Law Questions and Answers1886 Words   |  7 PagesQUESTION 1. Issues of this case: Could the offer acceptence by e-mail be capable of creating contractual relationships? Was there a breach of cotract? The matter of the case is regulated by Contract Law. Contractual nature A contract can be difened as â€Å"an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enfoufceable in a court of law†. (Andy Douglas, 2013, p.307). Though every contract involves an agreement,Read MoreBusiness Law Questions And Answers1477 Words   |  6 PagesShort answer questions 1. Take the case of a US firm that wishes to invest some funds (US dollars) for a period of one year. The choice is between investing in a US bond with one year to maturity, paying an interes1t rate of 2.75 percent, and a UK bond with one year to maturity, paying an interest rate of 4.25 percent. The current exchange rate is $1.46 per pound, and the one-year forward exchange rate is $1.25 per pound. Should the US firm invest in US bonds or in UK bonds? The US bondRead MoreAssignment Questions On Business Law1930 Words   |  8 Pages CO5119 BUSINESS LAW STUDY PERIOD 1 - 2016 ASSIGNMENT 2 STUDENT NAME: AVISHA WADHWA LECTURER NAME: MARCUS KATTER STUDENT ID : 13348024 DATE OF SUBMISSION: 19/05/2016 â€Æ' Part (A) ISSUE: Does Paul will succeed in instituting legal proceedings against Wayne for the damage caused due to negligence? Relative Law: Keeping in view the provisions contained in Civil liabilityRead MoreBusiness Law Practice Questions5642 Words   |  23 Pagesshe has title. b. Al has to give her the car because Barry was nothing but a thief. c. Al can keep the car because Barry had the power to transfer good title to him. d. Al can keep the car because he paid for it.   Ã‚   16.   Under the old common law rule, the risk of loss or damage to goods in a contract for the sale of those goods: a. always falls upon the buyer. b. always alls upon the seller. c. is incurred by the party who had title to the goods at the time of the loss or damage. d. alwaysRead MoreMultiple Choice Questions for Business Law Test3665 Words   |  15 Pagesimplied-in-law contract. a quasi contract. 3. Barb allows Candy to enter Barb s warehouse and take a DVD player. Charged with theft, Candy can successfully claim, as a defense, (Points : 2) consent. duress. entrapment. self-defense. 4. The U.S. Congress enacts a new federal statute that sets different standards for the liability of businesses selling defective products. This statute applies (Points : 2) only to matters not covered by state law. Read MoreLeg 100 Business Law I Quiz 1918 Words   |  4 PagesCourse Business Law I Quiz 1 LEG100 This quiz consist of 20 multiple choice questions and covers the material in chapters 1 through 4. There are five questions from each chapter. Be sure you are in the correct Chapter when you take the quiz. †¢ Question 1 4 out of 4 points The ______ approach recognizes that â€Å"business decisions consist of continuous, interrelated economic and moral components.† Answer Selected Answer: Systems Correct Answer: Systems Read MoreCorporate Law Essay787 Words   |  4 PagesTHE UNIVERSITY OF ADELAIDE COMMLAW 7011 CORPORATE LAW (M) BUSINESS SCHOOL Week 3, Semester 1, 2012 TUTORIAL QUESTIONS WEEK 3 (Commencing Monday 12 March) Acknowledgement: These Tutorial Questions were originally devised by Martin Markovic, Senior Lecturer, Business School, University of Adelaide. Question 1 A, B and C are long time friends from University days. They share common interests especially with respect to