科廷大学澳洲会计法硕士课程作业：Fundamentals of Business and Corporations Law

科廷大学澳洲会计法硕士课程essay：Fundamentals of Business and Corporations Law

 

Duration:You are required to attempt a take home problem questions test, from 5pmFriday 11th May to 5pm Saturday 12th May. The take home test requires you to write an answer to the problem questions dealing with material from Lectures 7, 8, and 9 of the semester program. The take home test will be posted on the unit website by 5pm Friday 11th May WST. The test must be submitted through Blackboard before 5pm Saturday 12th May WST. Marks will be deducted for late submission.

 

You will not be awarded marks for copying directly from any textbook or legislation. 

 

The take home test has a word limit of 1500 words and it must be typed/word processed unless prior agreement has been obtained from your tutor.  The take home test will not be assessed if it exceeds 2000words. Please ensure that you have checked the document for spelling and grammar before submission. 

 

The take home test MUST be submitted ELECTRONICALLY.

 

Please observe the following requirements:

Font: - Times or similar font - no smaller than 12 point in size

Spacing: - 1.5 line spacing, and appropriate paragraph spacing

Margin: - at least 2.5cm on the top, left, right & bottom 

Pages: - Numbered in top or bottom margin

Paper: - A4 size paper

 

The take home test must be accompanied with the cover sheet provided with the test and must be received by 5pm WST Saturday 12th May.

 

Once you are satisfied that your take home test is ready for submission, you should save it with a filename as below:

Student ID_FirstnameLastname.doc

For example: 12345678_JohnSmith.doc or 12345678TakehometestJohnSmith.doc

 

It is important that you don’t include characters other than your student number, underscores and your student name.This means do not include characters such as * or / or ANY SPACES IN THE FILE NAME. 

 

Please ensure that you click on the submit button to upload your take home test.#p#分页标题#e#

 

Failure to submit the take home test by the due date may result in a zero mark for that part of the assessment.

 

Total Marks: 25 Marks comprising 25% of the final subject grade.

 

QUESTION 1

 

Susan and Rebecca have been experimenting for the past 10 years and have discovered certain minerals, when used in fabrics makes it wrinkle free.   They are thinking of incorporating a company whereby they could mine the minerals and manufacture and market wrinkle free fabrics.

They have completed a marketing study and have discovered that the textile industry would be highly interested in this type of fabric for men’s and women’s clothing. Together they have $200,000 and will require a further $1.3 million to purchase equipment and set the company up. Susan and Rebecca are considering getting a loan from the bank for $300,000 and the remainder $1 million from issuing shares once the company has been registered. 苏珊和丽贝卡在过去的10年里一直在尝试，并已发现某些矿物质，在面料中使用时，无皱。他们正在考虑纳入公司，使他们可以开采的矿物质，制造和市场无皱织物。

他们已经完成了营销研究，在这种类型的男子和妇女的服装面料，纺织行业将是非常有兴趣的。他们一起有$200,000，将需要进一步的130万美元购买设备。苏珊和丽贝卡正在考虑从银行获得贷款300,000美元，其余的100万美元一旦公司发行股份已登记。

 

Susan and Rebecca would like to keep the affairs of the company private and confidential. Susan would like to be the managing director and Rebecca would like to be the development and marketing director. They would also like to have a constitution with the following clauses:

 

• An objects clause stating that the company’s business is to be restricted tomining minerals and manufacture and sale of wrinkle free fabrics. 

 

• Any contracts over $25,000 require the approval and signature of the managing director.

Susan and Rebecca have some legal issues that need to be addressed before they canset up the company with a constitution. 

 

With reference to the Corporations Act and case law Susan and Rebecca would like you to investigate the following legal issues:

一个对象的条款说明，该公司的业务是要的限制tomining矿物质和无皱织物的制造及销售。

 

任何超过25,000美元的合同，要求董事总经理的批准和签字。

苏珊和丽贝卡有一些CANSET公司与宪法法律问题需要解决。#p#分页标题#e#

 

参照公司法和判例法苏珊和丽贝卡想去调查以下法律问题：

 

1. The type and class of company that will best suit Susan and Rebecca.

 

2. The impact of managers entering into contracts over $25,000 without the approval and signature of the managing director. 

 

3. Whether Susan and Rebecca can expand the business by making women’s clothing by using the wrinkle free fabrics.  

Required:

With reference to the Corporations Act 2001 (Cth) and case law, advise Susan and Rebecca of the outcome of your investigation of the above legal issues. 

[25 marks]