QuickHelper

(10)

$20/per page/

About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 361 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Law Posted 20 Sep 2017 My Price 7.00

Case1 James, Joanna and jade would like to start a business

Case1

James, Joanna and jade would like to start a business; jade owns a small office that his grand- father gave him. It is located on George Street in Sydney. James owns a computer and Joanna is an account. They have all agreed to start an accounting business. They operate the business as a small pty ltd

Joanna has advertised the accounting business through Internet and word of mouth, through his friends. Most of their friends and young people are happy with their services, James has decided to buy new printers without asking the other partners.

James has started a similar business that is managed by his wife and some of their clients have started going to his new business. Joanna and jade are not aware about it.

The company’s business has declined and the company is not able to repay its creditors who are threatening to sue the company for non-payment of debts

 

1.      Has James breached any duties under corporations act?

2.      Jade and Joanna suspect that James has a new company and he is not telling them. How can they find out about James’s company?

3.      Discuss all your answers citing relevant case law and legislation.

 

Case 2:A mining company has a number of directors. Two of these directors are Sam and Justin. Sam is non-executive director who is medical doctor. Justin is an executive director who is also the managing director of the company. Sam has only a basic understanding of balance sheets and has extensive experience as a medical doctor. The company has become insolvent and the directors are sued for a breach of a 588G. The non-executive directors do not understand the true financial position of the company. Can they all be liable? Does it make a difference if one is non-executive director or executive director?

 

1.      Discuss your answers citing relevant legislation and case law.

 

 

 

 

Case3:What are the different defenses for directors in relation to breaches of s180(1) and s588G of the corporations Act 2001? How do the defenses apply or how can directors use them?

 

Discuss your answer citing relevant case law and legislation

 What is the business judgment rule?

What does section 588H provide?

Any case law on insolvency or defenses?

 

 

Answers

QuickHelper
(10)
Status NEW Posted 20 Sep 2017 03:09 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)