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Company Law Case Study : Assignment

   

Added on  2020-03-16

10 Pages2666 Words48 Views
Running head: BUSINESS AND COMPANY LAWBusiness and Company LawName of the StudentName of the UniversityAuthors NoteCourse ID
Company Law Case Study : Assignment_1
BUSINESS AND COMPANY LAW1Table of ContentsIntroduction................................................................................................................................2Discussion:.................................................................................................................................2Statutory rules:...........................................................................................................................6Conclusion:................................................................................................................................7Reference List:...........................................................................................................................8
Company Law Case Study : Assignment_2
BUSINESS AND COMPANY LAW2IntroductionTo provide advice to Violet and Sonny concerning their liability that is owed to thefriendly Bank in regard to Busy Bee Florist Shop, it is vital to understand that whether anykind of partnership prevailed between the a.Violet and Busy Bee Florist Shop and b.Sony and Busy Bee Florist Shop. The case study brings forward the question whether any partnership existed in thepresent context between the Sonny, Violet, Rosy and Mary. As defined under the partnershipact 1892, sharing of profit represents an existence of the existence of the partnership(Calabretta & May, 2016). An exception to the rule of the partnership defines that creditorsare protected from this rule unless there contains any element in the partnership act. Discussion:A partnership can be defined as the relationship that prevailed between the persons thatperforms the activities of business in common with the objective of deriving profit. As held inthe case of Green v Beesley (1835)it has been stated that a contract amid two or morepersons to engaged in a partnership having a lawfully binding association and possess thenecessary character of contractual in nature (Latimer, 2016). In the present context it isevident that Sonny is regarded as the employee and lender for Rose and Mary Busy BeeFlorist Shop and Sonny will not be considered as the partner. As held in the study of Smith vAnderson (1880) the members does not make a lawful unit at the time of establishing apartnership (Blackett-Ord & Haren, 2015). An ordinary partnership can be defined as the partnership of certain persons that aredestined together with the agreement amid themselves to endure the object of entering intothe contract with one another (Winship, 2015). As defined under the section 1 of the
Company Law Case Study : Assignment_3

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