Assessment Task – Tutorial Questions Unit Code: HI6027
Unit Name: Business and Corporate Law
Assignment: Tutorial Questions
Due: Week 13: by Friday, 26 February 2021, 11:59 p.m.
Weighting: 50% of the final overall mark
Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this unit.
Unit Learning Outcomes Assessed: 1, 4, 5, 6, 7, 8 & 9
Description: Each week students were provided with three tutorial questions of varying degrees of difficulty. The tutorial questions are available in the Tutorial Folder, for each week, on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial questions from weeks 1 to 5 inclusive and week 11 and submit these answers in a single document.
The questions to be answered are:
Question 1 [from Week 1, 7 marks]
What is meant by the Doctrine of Precedent? (Maximum 250 words)
Question 2 [from Week 2, 11 marks]
Emily is 18 years old and has just graduated with a bachelor's in marketing degree from a well-known university. Even though she has not worked in a marketing job before and has no experience in a marketing role, she decides to apply as a part-time graduate assistant for Fido House, which is a charity dedicated to finding homes for abandoned dogs. Fido House agrees to pay Emily a nominal allowance of $1,000 a month, in view of her junior role and her lack of relevant job experience. Even though the salary is quite low, Emily decides to accept the job offer because she wants to work in a marketing role.
Soon after, some of Fido House's major donors do not contribute their normal donations in the new financial year. This results in significantly lower funding for the company. Emily's manager tells her that her role has been dissolved and her services are no longer needed. Fido House owes Emily about $2,000 in back pay. When Emily asks for payment, the company says they do not owe her any money because Emily was not an employee. They were only giving her work experience. Besides, they didn't sign a written contract, Fido House is a charity, and so it is not liable to Emily.
Does Emily have any rights to claim her back pay under contract law? Please explain your answer with reference to the essential elements for the creation of a valid simple contract. (Maximum 300 words)
Question 3 [from Week 3, 11 marks]
Lion Tree is a 13-year-old Australian junior golf champion. Everyone in the golfing circuit believes that he has what it takes to be world champion someday. His parents,
Brent and Belinda sign a sports agency contract with Jenny Maguire Sports Agency Pty Ltd. The term of the contract is three years. Lion, on his own, also signed a contract to play golf with the Australian junior golf team. Lion also has an athletic apparel contract, which his parents also signed on his behalf, with PlusTwo Sportswear that requires him to wear only the company shoes exclusively for 2 years. As long as he abides by this term, the contract also stipulates that he would get PlusTwo shoes for free. On the other hand, if Lion does not abide by this condition, PlusTwo has the right to claim payment for all shoes given to Lion.
Now, Lion's parents want to terminate the contracts with Jenny Maguire Sports Agency and PlusTwo Sportswear because they are unhappy with the way both these companies are treating Lion.
What is Lion Tree's liability if he terminates both these contracts? Advise him, citing legal basis in support of your advice. (Maximum 650 words)
Question 4 [from Week 4, 7 marks]
When will the courts imply terms into a contract? (Maximum 150 words)
Question 5 [from Week 5, 7 marks]
A court can award several alternative remedies to a plaintiff for a defendant's breach of contract. These remedies include specific performance and injunctions.
Question 6 [from Week 11, 7 marks]
Katie Mcdermott is a retired entrepreneur. She holds a significant number of shares in Nimble Technologies Pty Ltd. Katie has been quite unhappy about the management of the company, particularly as it seems that directors have had pay increases each year, and seem to have significant benefits in the form of cars, trips and various other expenses paid on their behalf. Katie suspects that the directors are acting generally for their own benefit, and not in the interests of all shareholders. She is particularly interested in how certain shareholders have increased their holdings, and whether the company has been assisting a particular group of shareholders at the expense of the shareholders in general.
While Katie has asked various questions at company meetings, she is not satisfied with the answers she has received. She believes there may be a case for bringing an action against the directors under some part of the Corporations Act. Katie needs to gather some information so that she can determine whether to bring an action for oppression or perhaps a statutory derivative action against directors who are misusing their position.
Explain with reference to specific sections of the Corporations Act 2001 (Cth): (Maximum 300 words)
The assignment will be submitted via Blackboard. Each student will be permitted only ONE submission to Blackboard. You need to ensure that the document submitted is the correct one.
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes' graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Skills link on Blackboard.
Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
Table 1: Six categories of Academic Integrity breaches
Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.
Working with one or more other individuals to complete an assignment, in a way that is not authorised.
Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.
Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.
Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.
Data fabrication and falsification
Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.
Source: INQAAHE, 2020
If any words or ideas used the assignment submission do not represent your original words or ideas, you must cite all relevant sources and make clear the extent to which such sources were used.
In addition, written assignments that are similar or identical to those of another student is also a violation of the Holmes Institute's Academic Conduct and Integrity policy.
The consequences for a violation of this policy include a range of penalties varying from a 50% penalty through suspension of enrolment. The penalty would be dependent on the extent of academic misconduct and your history of academic misconduct issues.
All assessments will be automatically submitted to SafeAssign to assess their originality.
For further information and additional learning resources please refer to your Discussion Board for the unit.
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