Reference no: EM131131495 , Length: word count:2500
Question 1 - Benny is a collector of classic cars. David is a car dealer who regularly purchases on behalf of Benny. On the instruction of Benny, David is visiting Howard's house to inspect a 1948 Honda, offered for sale at $20,000. Benny often attends the inspection to purchase these cars with David. However, Benny cannot attend on this occasion, and therefore instructs David that he is only prepared to pay a maximum of $15,000 for the car. David finds that the Honda is being sold with a rare and exclusive prestige accessory package. Because of this, rather than try to negotiate the price down to $15,000, David purchases the care for himself instead at $20,000. He subsequently notifies Benny that the car was unavailable having been sold. Discuss the legal issues in agency that arise from this scenario. Where relevant you should justify and support your answers with reference to statute and/or case law.
Question 2 - Over the past two years Frank has experienced financial difficulty and he is currently being pursued by creditors. Frank owns $809,000 to 10 different creditors and the total debt is comprised of secured and unsecured creditors. As a consequence of his unmanageable financial situation, Frank has decided to petition for bankruptcy. Between the date of his petition and the date his petition is accepted by the Federal Court, he sells his camper can valued at $20,000 to Linda his girlfriend for $5,000. Further, Frank gives away his boat to Leo his friend and pays off his own a personal loan owed to his long standing family member Jessica, valued at $20,000. In addition, in order to preserve property of sentimental value he leaves these low value assets with his Father. You are required to identify the legal issues in bankruptcy that arise from this scenario. Where relevant you should justify and support your answers with reference to statute and/or case law.
2500 words
12 references.
Describe how leaders are nurtured and developed
: Describe how leaders are (or are not) nurtured and developed. Analyze how the organizational structure/span of control impacts leadership style and effectiveness. Identify how the practices of your chosen company align with current research. Pl..
|
Write an analysis about obesity in children
: Access a credible news or journal article about OBESITY IN CHILDREN. Then, write an analysis. - Summarize the issue and key points the author uses to persuade the reader to agree with his or her position.
|
Does each article support your proposed change
: Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
|
How does gps work in the field of sport or athletics
: How does GPS work in the field of Sport or athletics?
|
Discuss the legal issues in agency
: Discuss the legal issues in agency that arise from this scenario. Where relevant you should justify and support your answers with reference to statute and/or case law
|
About the us dollar being the unit of reference
: Some have voiced concerned about the US dollar being the unit of reference for much of international trade. List 3 consequences of the US dollar losing this unique status and being replaced by a basket of 4 currencies. Assume the company for which yo..
|
Give a generalized description of your experience in school
: Give a rich, fully textured account of your experience in school.- Your report will include:- a generalized description of your experience in school etc.
|
Hybrid between an artificial and natural entity
: Are corporations moral persons? Corporation are assumed, legal and ethically as a hybrid between an artificial and natural entity. Artificial in the scope that they are not a tangible person but has been understood as an entity with natural propertie..
|
Discuss both positive and negative conflict
: Second, conduct and present research that evaluates how conflict manifests itself within your chosen organization and how it is managed. Discuss both positive and negative conflict. Be sure to provide specific examples. Examine what stressors c..
|