What are Law School Assignments Like?

LAW
STUDENT DETAILS
1-1-2020

LAW 1
Table of Contents
Section A....................................................................................................................................2
Question 1..............................................................................................................................2
Question 2..............................................................................................................................2
Section B....................................................................................................................................3
Question 3..............................................................................................................................3
Question 4..............................................................................................................................3
Section C....................................................................................................................................4
Question 5..............................................................................................................................4
References..................................................................................................................................6

LAW 2
Section A
Question 1
Insurable Interest is referred to the contract which is required to be possessed by the insured.
Under the law, it defined as a rule that prohibits the insurance taken against third-parties with
whom they did not have any real-life connection. In simpler terms it means that the insured
has the direct relation with the property or the subject for which the insurance is being taken,
and it would suffer loss if any damage would happen to the subject matter. The insurable
interest rule does not serve a meaningful purpose in context on Indemnity policy (Clyde &
Co., 2015).
A parent would have an insurable interest in the life of their child, as they have a direct
relation with the child, also they would face hardships after the death of the child, as the child
is directly related with his parents, therefore, they can take a policy against him (Insurance,
2016). A corporation has an insurable interest in the life of its employees, as the employees
are an important part of the organisation and any issue with them results in the affecting the
work at the enterprise. Therefore, under the law, the employers shall have an insurable
interest in respect of the employees (KORS, 2017).
Question 2
(a) The employee and an independent contractor, performs a similar tsk, but differs in the
legal terms and regulations, as the employee works under the management of the organisation
and the activities done by him is managed and monitored by the organisation, whereas the
organisation does not have a direct control over the activities performed by the independent
contractor. Also, the employment and labour laws does not apply on the independent
contractors. An employee hired by the organisation stays with the organisation and follows
the strategies and policies developed by the management, whereas an independent contractor
is hired for a specific task and the contract may get terminated after the assigned task is done,
also the employee is paid on monthly or period basis and are required to perform a fixed hour
or time-period within the organisation, on the other hand, an independent contractor is paid
based on the amount of the work done by him in a specified period (ACF, 2018).
(b) The employee or an individual contractor can be effectively differentiated based on the
factors such as the nature of the work, as if the work performed is directly linked to the
profitability or the success of the business, in such case the individual performing the job is