Question? Call Us  +1 (817) 546-4770

700254 Enterprise Law

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

700254 Enterprise Law

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

700254 Enterprise Law

0 Download9 Pages / 2,104 Words

Course Code: 700254
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Questions
1. Business Entities
Madison owns a small bicycle repair shop in Bankstown which she has been operating for the past three years as a sole trader. In July 2018, she attended a small business conference in Barangaroo where she met Daniel, who also happened to be operating a small bicycle repair shop as a sole trader, with his shop being in Parramatta. The pair started discussing their respective businesses and decided to try to find ways to ‘work together’.
On 1 September 2018, after lengthy discussions and negotiations, Madison and Daniel came to the following agreement:
As of today, they would begin working together under the new name Rolling Hill Bikes.
Madison and Daniel would each contribute the materials, supplies and repair equipment that they currently hold to Rolling Hill Bikes.
All customer contacts and supply agreements will be shared.
Any costs would now be shared, including the rent on the two existing premises, Bankstown and Parramatta, currently used as repair shops.
Profit would be calculated monthly and split 50:50 between Madison and Daniel.
On 15 September, Madison ordered 250 tyres from the bicycle part supplier Fast Bikes, before flying out to the south of Chile to commence a month long ‘voyage’ to Antarctica. The tyres were delivered on 17 September 2018.
On 25 September, Daniel received a letter from Fast Bikes, stating that the tyres were sold on 7-day trading terms and the full $5,000.00 is now due. Madison is still away and not contactable and Fast Bikes are now threatening to take Daniel to court to claim payment from him. 
Using IRAC, advise Daniel of whether he would be considered a partner and his potential liability for the $5,000.00 owed to Fast Bikes. Make sure that you support your responses with relevant authorities from case law and statute.
2. Contracts
Rupert owned a home in Vaucluse and wanted to have his front yard landscaped. He contracted with Bruce, a local landscaper, for the work to be done on the basis that Rupert would supply, at his own expense, all the necessary plants, materials and supplies, and that Bruce would supply the labour and any equipment and machinery necessary to do the job. Bruce’s fee under the contract was $40,000, to be paid upon completion of the work.
In the course of the work it was realised that Rupert had over-ordered a number of expensive and exotic palms. When Bruce asked what Rupert wanted done with them, he replied that Bruce could keep them. Bruce duly had the palms planted in his own backyard, thereby considerably enhancing the value of his own property.
A month later, when all the work was done, Bruce presented his account for payment to Rupert. Rupert asked if Bruce would accept $25,000 in full settlement of the account, explaining that he had just received a notice from the local council requiring him to fence his newly installed backyard swimming pool before it could be certified. Rupert further explained that, if Bruce accepted a reduction in his contract fee, the fencing work could be done the next day, and thus Rupert would be relived from having to approach his bank for a loan. This would take some time to approve, and would potentially delay the fencing work by about a month.
Bruce, who had earlier appreciated the palms that Rupert had given him, decided that he would accept the $25,000 in full settlement of the account. Rupert immediately paid Bruce the $25,000.
Five days later, Bruce received an unexpected courier delivery of a magnum of expensive French champagne. A note attached to it read:
You wouldn’t believe it, but two days after the fence was completed and paid for, I won over $500,000 on Lotto! My family and I plan to spend the next few months holidaying in Europe.
So, it’s live and let live. The champagne is a token of my appreciation for the excellent work you did.
Cheers
Rupert.
Bruce now feels that Rupert should pay him the full amount of his fee on the landscaping contract.
Using IRAC, advise Bruce on his prospects of recovering the $15,000, and in doing so, discuss fully all relevant legal issues that arise in these circumstances. Your answer must be supported with relevant case law authorities. 
3. Terms of a contract
Simon and Elizabeth are planning to open a new restaurant, Greentrees, in French’s Forest, and have located and secured a perfect site, subject to the local council approving their building and development plans.
After an extensive search, they have now decided on a building and shopfitting contractor that they want to use to complete the work. The contractor, Bricks & Mortar Pty Ltd, has sent over their standard contract for the job, and Simon and Elizabeth have asked their own solicitors to look it over.
The lawyers have identified three terms in the contract that they believe need to be reviewed more closely before Simon and Elizabeth commit to the agreement.
Contract
Between Greentrees Restaurant Pty Ltd (‘the Client’)
and
Bricks & Mortar Pty Ltd (‘The Contractor’)

The parties agree that time is to be of the essence in respect of all aspects of the construction and payments schedule of this agreement.

The contractor will engage a landscape design architect to complete the formal exterior presentation of the building using suitable established trees and shrubs. All such plants are to be a minimum of 4 years old and native to the Sydney Basin.

The client agrees that the contractor will not be liable in the event of a breach caused by the actions of itself, its employees or sub-contractors, including actions that would otherwise constitute negligence, except as provided under statute.

For each of the three terms above:
Explain what type of term it is, and discuss the characteristics of that type of term;
Explain the consequences of a breach of that type of term.

Answers
1. Issue

Whether Daniel is a partner of in the partnership firm? If yes, whether the same is liable to make the payment of $5,000.00, which is due in full.
Rules
Similar to any other business forms, a partnership firm is also one of them, where 2 or more people join their hands with each other to earn bread. In a general sense, a partnership business can be understood as a venture which consists of at least two people and all of them act for a common purpose. Every state of Australia has different legislation, which provides the provisions related to partnership firms. If the jurisdiction of NSW, Partnership Act 1892 (NSW) is the partnership legislation. To check that whether a business entity is a partnership firm or not, the existence of features of the partnership firm is required to review. Section 1 of Partnership Act 1892 (the act) states these features. As per this section, there must be at least two partners to develop a partnership firm. Further, these people must enter into a contract to carry out the business activities. In addition to these features, the lead objective of this contract must be carried out business and to earn and share the profits generated out of the same (Legislation.nsw.gov.au, 2018).
As a company has a charter to define the rules regulation, powers, and duties of officials, similarly in the partnership, the partnership agreement is there to regulate the internal working environment of firms. Partners can develop this contract in either mode i.e. oral as well as written. As a partnership agreement decides the mutual rights and responsibility of partners, partnership act define the overall powers and nature of responsibility of partners. As per the provisions of subsection 1 of the section, 5 of the act a partner act on behalf of the firm and therefore treated as an agent of the firm. As under agency law, a principle can be held liable for the act of its agent, similarly, a partnership firm is liable for the conduct of its partners (Austlii.edu.au, 2018). Not only the partnership firm but also the other partners can also be held responsible for the conduct of a partner as all of them share a fiduciary relationship in mutual. Partnership firms have no separate legal status and partners of the same carries unlimited liability with respect to the debts of the firm.
As section 24(5) of the act states that every partner takes part in the managerial activities, this is the reason that a third party assumes a person has required authority in the capacity of a partner (Christensen and Duncan, 2009). According to the decision given in the case of Cox v. Coulson [1916] 2 KB 177, in addition to the receipts, partners are also responsible to share liabilities of the business.
Application
In the case provided hereby Madison and Daniel, both were doing their business in the form of sole proprietorship firm. They soon decided to work with each other and on this manner developed a new business entity with the name of Rolling Hill Bikes. Madison and Daniel have entered into a contract with the common object. The lead purpose of the contract was to carry out business together, earn a profit and to share the same in mutual. Applying the provisions of section 1 of the act this new entity is a partnership business as the same consist all the features of the partnership business and therefore Daniel is a partner in the same.
Once Madison made an order of 250 tyres for the business from a supplier named Fast Bikes. Here, Madison had right to do so by the virtue of 5(1) of the act. Here, Madison acted as an agent of the firm and therefore firm is liable for her conduct. Further, according to the applicability of section 24 (5) First Bikes has reason to believe about the authority of Madison. The first liability to make the payment of the invoice made by First Bikes is on Firm. Further, if the firm would fall short of funds then it would be the personal liability of Daniel to make this payment as the same is a partner in the firm and has a fiduciary relationship with Madison.
Conclusion
This is to conclude that Daniel is surely a partner of Rolling Hill Bikes and is liable towards First Bikes in respect to the invoice of $5,000.00.
2. Issue
The issue involved in the presented case is to investigate that can Bruce asks for the difference amount from Rupert. If yes, then how? If no, what is the reason behind?
Rules
In the situation where a valid contract presents there, all the parties are required to fulfill their promises in order to perform the contract in a legal and valid mode. The aspects decided in a contract are the final one as both of the parties become agree on the same. However, there is an exception to this common rule, which is popularly known as promissory estoppel. The concept says that sometimes parties of a contract make some promises out of the boundaries of the contract and such promises are legally bound on the parties as a term of a contract. This concept is known as the Doctrine of promissory estoppel.  Central London Property Trust Ltd v High Trees House Ltd  [1947] KB 130 is the lead case law, which defines this principle in a detailed manner. In the subjective case, a landlord made a promise to accept the lesser amount of rent from the tenant when it was a period of war. Later on, when the war got over, the owner has asked the balanced amount from the tenant claiming that everything is normal and regulated now. Court has rejected the demand of landlord and held the promise by the same earlier as promissory estoppel (E-lawresources.co.uk, 2018). Justice stated that the tenant in such a situation was an innocent party who acted relying on the promise made by the landlord and for this reason landlord is bound to be on the promise even the same received no consideration for such promise as generally required to receive under Contract Law.
Therefore it is now clear that under the principle of promissory estoppel, a promise is a binding term even in the absence of a consideration for the party who make such a promise. For the success of this principle, a legal contract must be there already. If no contract would be there, no question to make a promise will arise. In addition to the existence of contract, the promise should be there on which other party has reason to believe. Such promise must be free from any kind of confusion. At last, allowing promisor to go back on the promise must be an inequitable situation for the other party.
Application
As per the facts of the provided case, Rupert wanted to carry out some landscaping work in the front yard of his house. For this reason, he contacted a contractor named Bruce. Bruce and Rupert developed a contract for the subjective work. According to the terms of the contract, Rupert was required to arrange all the materials for the work and Bruce was required to arrange the labor for the same. When Rupert felt that he brought the material more than the requirement, he let the Bruce to keep the same.
Further, Rupert faced some issues while making the payment as he was falling short of money. The total payment was of $40,000 and fencing work in relation to the landscaping of yard was yet to be done. When he discussed his incapability of making the payment with Bruce, he became ready to accept  $25000 as full payment. As a valid contract was already there, one of the parties of the contract made a promise, another one relied on the same and therefore the position of them became changed, the promise made by Bruce had a nature of promissory estoppel.
Further, in the case, Rupert won a lottery and thanked Bruce for the support and accepting the less amount as final payment. Now, Bruce wanted to ask for the balance amount of $15000. If to apply the provisions of the case of . Central London Property Trust Ltd v High Trees House Ltd, Bruce will not be able to ask for such amount, as he cannot go back to his promise.
Conclusion
In conclusion, this is to mention that Bruce is not entitled to ask for  $15000 irrespective of any other thing as a valid promissory estoppel is there.
3. The nature and consequences of the breach of all three clauses of the presented contract are prescribed hereunder.
Clause 4
Sometimes, time and period is an important term of a contract and therefore such contracts are required to be performed in a time-bound manner. If parties do not consider the time frame prescribed under a contract then the same can be held liable for the breach of a contract.
Clause 4 of the provided contract carries a time frame according to which the acts and payments of funds are required to be done according to the work and payment schedule. It is a term of the contract, which is a significant one, and parties have to consider the same. If the contractor will fail to complete the work according to the construction schedule then the client will be entitled to sue the same for breach of the contractor. Further, if the client will fail to make the payment as per payment schedule then the contractor would be eligible to bring a case of breach of contract in against of the contractor.
Clause 19
Terms of a contract can mainly divide into two categories. One is condition and another one is warranty. As per the decision of the case of Bettini v Gye 1876 QBD 183 warranties are less important. A condition is a very significant term. The significance of the same can be understood by the decision of the case of Poussard v Spiers and Pond [1876] 1 QBD 410, where a breach of a condition is treated as a breach of contract.
Clause 19 of the contract developed between client and contractor is a condition as the same is very significant and takes matter for the parties. Cause of having a nature of the condition, applying the provisions of Poussard v Spiers and Pond breach of this clause will lead an issue of breach of contract.
Clause 29 
Similar to any other aspects of a contract, a study of an exclusion clause is also necessary to be done. As the name implies, an exclusion clause in the contract excludes the liability of parties in respect to some of the acts (Marson, 2013). It provides additional security to parties to the contract where they can escape themselves by being responsible for a particular act or situation. However, merely development of an exclusion clause is not enough. Contract law defines some conditions which need to be fulfilled in order to declare a clause as exclusion clause. Firstly, it must be a part of the contract. Further, L’Estrange v Graucob [1934] 2 KB 394 it must come into the notice of another party, no matter that whether the same has read out the same or not. The case of Curtis v Chemical Cleaning [1951] 1 KB 805 also provides one of the conditions of the exclusion clause. According to the same, an exclusion clause must not have any misrepresentation.  
Clause 26 of the contract can be understood as an exclusion clause of the contract. It fulfills all the conditions of an exclusion clause as the same is a part of the contract. Both of the parties are aware of the existence of this clause and no misrepresentation is there. As it is a valid exclusion clause, hence a breach of any of the liabilities mentioned in the same will not lead any issues.
References 
Austlii.edu.au. (2018) Partnership Act 1892. [online] Available from:  https://www8.austlii.edu.au/cgi-bin/viewdb/au/legis/nsw/consol_act/pa1892154/ [Accessed on 29/12/2018]
Bettini v Gye 1876 QBD 183
Central London Property Trust Ltd v High Trees House Ltd [1947] KB 130
Christensen, S, A, and Duncan, W, D. (2009) Sale of Businesses in Australia. Sydney: Federation Press.
Cox v. Coulson [1916] 2 KB 177
Curtis v Chemical Cleaning [1951] 1 KB 805
E-lawresources.co.uk. (2018) Central London Property Trust v High Trees House [1947] KB 130 High Court. [online] Available from: https://www.e-lawresources.co.uk/Central-London-Property-Trust-v-High-Trees-House.php [Accessed on 29/12/2018]
Legislation.nsw.gov.au. (2018) Partnership Act 1892 No 12 [online] Available from: https://legislation.nsw.gov.au/#/view/act/1892/12/historical2004-10-05/full [Accessed on 29/12/2018]
L’Estrange v Graucob [1934] 2 KB 394
Marson, J. (2013). Business Law. UK:OUP Oxford.
Partnership Act 1892 (NSW)
Poussard v Spiers and Pond [1876] 1 QBD 410

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 9 pages

PAY 6 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Enterprise Law. Retrieved from https://myassignmenthelp.com/free-samples/700254-enterprise-law/issues-in-the-terms-of-a-contract.html.

“Enterprise Law.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/700254-enterprise-law/issues-in-the-terms-of-a-contract.html.

My Assignment Help (2021) Enterprise Law [Online]. Available from: https://myassignmenthelp.com/free-samples/700254-enterprise-law/issues-in-the-terms-of-a-contract.html[Accessed 19 December 2021].

My Assignment Help. ‘Enterprise Law’ (My Assignment Help, 2021) accessed 19 December 2021.

My Assignment Help. Enterprise Law [Internet]. My Assignment Help. 2021 [cited 19 December 2021]. Available from: https://myassignmenthelp.com/free-samples/700254-enterprise-law/issues-in-the-terms-of-a-contract.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Are you finding it difficult to write a perfect reflection essay paper that picturise your thoughts neatly? It is well understood that even when our thoughts are creative, it is difficult to put into words. But worry not as MyAsssigmenthelp.com is the best paper writing service that can give you some of the best and quickest solutions. So you can simply seek paper help, and our experts will give you some of the smartest tips on how to write a reflection paper for your homework. Further, if you need any tips on how to write a college essay of any kind, you can easily place an order.

Latest Business Law Samples

div#loaddata .card img {max-width: 100%;
}

BU1112 Business Law
Download :
0 | Pages :
6

Course Code: BU1112
University: James Cook University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Part A
Issue:
Whether Stella is considered as an employee of PRX?
Rule:
The main difference between employee and independent contractor is stated below:
Employee entered into contract of service, but contractor entered into contract for services.
Employer exercise control over the employee but no control was exercised by employer on contractor. It is considered as traditional test which was developed in Zuijs v Wirth Bros(Zuijs…
Read
More
Tags:
Australia South Lake Management health finance management  University of New South Wales 

BSBWHS605 Develop Implement And Maintain WHS Management Systems
Download :
0 | Pages :
15

Course Code: BSBWHS605
University: Swinburne University Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Work Health and Safety Management System (WHSMS) is a collection of plans, tools, activities and processes. List 3 of these plans, tools, activities or processes and explain what they are,
The means, nitty gritty beneath, can be utilized whether the arranging procedure is straightforward or complex. They are:
Evaluating the current word related to wellbeing and security status including the ‘administration framework’ Lussier, R. N…
Read
More
Tags:
Australia Brisbane Management Work Health and Safety Management System (WHSMS University of Brisbane MBA 

BUSN331 Business Law
Download :
0 | Pages :
3

Course Code: BUSN331
University: Centennial College

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Canada

Answers:
Introduction
In Alberta, the Residential Tenancies Act applies to all the people in this jurisdiction, who rent their space out (Alberta Queen’s Printer, 2016). Through this act, the rights and responsibilities of the landlords and tenants are brought forward (Landlord and Tenant, 2015).
Question 1
Before a tenant can move in the rented accommodation, the tenant and the landlord have to reach an agreement, with regards to the…
Read
More
Tags:
Australia Edmonton Humanities Management University of New South Wales Masters in Business Administration 

LA1040 Contract Law
Download :
0 | Pages :
11

Course Code: LA1040
University: University Of London

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction 
A contract is an agreement between the parties which is enforceable legally in the courts. There are several provisions of law which governs how the terms related to the contract would operate. A contract consists of a set of provisions which are known as contractual terms. The weightage of such terms are not equal as one term may have a more significant consequence as compared to the other in relation to their brea…
Read
More
Tags:
United Kingdom London Economics Management University of London 

TLAW202 Corporations Law
Download :
0 | Pages :
9

Course Code: TLAW202
University: Top Education Institute

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
1.
If any person wants to carry out his business in the form of a company, then, it is necessary that the registration or incorporation requirements of such country must be met. In Australia, the Corporation Act 2001 and the guidelines laid down by ASIC provides with the steps that must be accomplish in order to establish a corporate entity.  (Malbon & Bishop, 2006).
A company is of great significance as it is treated as a …
Read
More

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

PROJ6016 Employer Based Project

Free Samples PROJ6016 Employer Based Project .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PROJ6016 Employer

Read More »

PPMP20009 Marking Rubric

Free Samples PPMP20009 Marking Rubric .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PPMP20009 Marking Rubric

Read More »