Reference no: EM132878069 , Length: word count:1000
Business and Company Law
Learning Outcome 1: Identify and describe business law themes and different business structures.
Learning Outcome 2: Recognise contract law requirement.
Learning Outcome 3: Identify relevant corporate law compliance issues.
Learning Outcome 4: Identify relevant case and statute law and apply that law to given problem scenarios.
Learning Outcome 5: Recognise general legal issues which might impact on commercial transactions.
Learning Outcome 6: Identify the benefits and disadvantages of different business entities and structures.
Learning Outcome 7: Work in groups or individually to produce work that properly integrates business law and/or company
law requirements or concerns.
Learning Outcome 8: Compose written work and/or formulate strategies about commercial scenarios that demonstrate a practical knowledge of business and/or company law.
Learning Outcome 9: Effectively communicate business law principles to peers, clients and to legal advisers.
Assessment Task Description
You are required to complete the following assessment:
Question 1:
We recently observed that despite the part of the same country, each Australian State and Territory responded differently to the Covid-19 pandemic. However, the power to open the Australian borders for international students and visitors seems to be in the hands of the Federal Government only. We know that we pay income tax to the Federal Government, but stamp duty is payable to the State Government.
In the context of what you have learned about the division of power between the Commonwealth and the State governments in the Australian constitution, analyse the basis of each of these statements.
Question 2:
Penny has recently retired after working as a lawyer for 30 years. However, to keep herself active and to earn some money for holidays, she is planning to sell cup-cakes at the Farmers Market held in her locality every Saturday. Penny inherited a unique recipe for cakes from her grandmother and believes her cakes will hit the market. Penny is looking forward to a relatively quiet lifestyle aims to minimise paperwork or legal complexities.
Advise the most appropriate business structure to Penny explaining the reasons.
Attachment:- Business and Company Law.rar
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