Business Law: Issues, Rules, and Application

This document discusses various cases related to business law, including issues, rules, and their application. It covers topics such as rewards, revocation of offers, partnership dissolution, property division, and more.

Business law 1
BUSINESS LAW
By (Student’s Name)
Professor’s Name
College
Course
Date

Business law 2
Business law
Part one
Issues
The ten customers who do not have the advertisement can they get an offer?
Rules
The following rules are involved in the case;
Reward cases are advertisements where conditions have to be fulfilled in order to reclaim
the reward (Micklitz, Howells, Marques and Naude 2018).
Revocation of an offer can take place any time so long as someone has already received
the offer. However it should be done the same way it was advertised (Guan and Zhou 2017).
Application
The extra 10 people cannot receive the offer. If they had an advertisement copy they
would have received the offer through claiming reward. The wall notice would have been
neglected by arguing that notice on the local shop is not enough for the public compared to a
local newspaper (Guan and Zhou 2017).
Conclusion
In conclusion, the friends can therefore receive the offer through social arrangements
where there are no statements of legal relations.

Business law 3
Partnership case
Issues
The case has the following key issue; Effect of death to the business partnership
Rules
When one of the partners gets deceased or permanent disability, In case there are no prior
agreements, a negotiated agreement with the family partners of the deceased are applied (Jeffrey
et al. 2015).
The partnership act of 1963 in Australia recommends that the partnership is dissolved
and the properties are shared in ratio of contribution (Jeffrey et al.2015).
Application
In the case that the LuSeKo group has a written argument they will use it. Since they
seem not to have an agreement with the death of Seamus the partnership has to be dissolved with
the shares of each contributed.
Conclusion
In conclusion, the death of Seamus will mean the end of partnership business of the three
individual. This will be possible through Australian partnership Act of 1963.
Part F

Business law 4
Issues
The second issue is how to determine partnership properties and how to divide losses
when they happen according to partnership laws.
Rules
In dividing the partnership properties, two rules apply; the initial partnership contribution
and the business partnership (Ke, Jefferies and Davis 2018).
Initial partnership contribution of the partnership ACT recommends that losses and
profits are shared equally according to the percentage of the earlier contribution towards the
business (Murray 2016).
The business partnership considers all the original capital that was contributed as equal.
Each member’s contribution is considered as for the business and shared equally.
Application
For Lucy and Koo they can determine partnership property using the law. They should
find out each person’s contribution to the business. Their contribution therefore becomes their
partnership property.
For the losses accrued they can pay using the partnership rule. The net loss liability
should be divided amongst them as members; each of them will have to pay for the loss that
accrued reducing the burden on Lucy alone.

Business law 5
Conclusion
In conclusion partnership act help partnership business by reducing individual losses and
profits.

Business law 6
References
Micklitz, H.W., Howells, G., Marques, C.L. and Naude, T., 2018. Dissemination of Consumer
Law and Policy in Africa, Asia, the Americas, and Australia. Journal of Consumer Policy, 41(4),
pp.303-307.
Ke, Y., Jefferies, M. and Davis, P., 2018. A Comparison of Public Private Partnership
Environment Between Australia and China. In Proceedings of the 21st International Symposium
on Advancement of Construction Management and Real Estate(pp. 35-43). Springer, Singapore.
Murray, P., 2016. EU–Australia relations: a strategic partnership in all but name?. Cambridge
Review of International Affairs, 29(1), pp.171-191.
Guan, P. and Zhou, W., 2017, August. Business analytics generated data brokerage: law, ethical
and social issues. In International Conference on Future Network Systems and Security (pp. 167-
175). Springer, Cham.
Jeffrey F Fitzpatrick, Christopher F. Symes , Angelo Veljanovski and David Parker 2015. Business and corporation
Law. 3rd edition, Routledge. (117-119)