Corporations Law: HA3021

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Assessment Task – Tutorial Questions Assignment 1
Unit Code: HA3021
Unit Name: Corporations Law
Assignment: Tutorial Questions Assignment 1
Due: 11:30pm 15thMay 2020
Weighting: 25%
Total Assignment Marks: 50 Marks
Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in
this unit
Unit Learning Outcomes Assessed:
1. Discuss the foundations of Australian Corporations Law and constitutional aspects and
administration.
2. Apply legal principles to real case situations in the context of different types of business
organizations and the legal issues that arise in day to day business.
3. Analyse the incorporation process and characteristics of corporate legal personality.
4. Demonstrate the legal principles for managing a company in particular the company’s
relationship with others.
5. Critically analyse the concept of corporate internal rules and management.
6. Analyse the role and responsibility of directors and members in the management of the
company.
7. Analyse the interaction between members’ rights, directors’ duties and corporate
governance.
8. Analyse the procedures regarding external administration and winding up.
9. Identify and analyse legal issues arising from the administration of a company.
Description: Each week students were provided with three tutorial questions of varying degrees of
difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard.
The Interactive Tutorials are designed to assist students with the process, skills and knowledge to
answer the provided tutorial questions. Your task is to answer a selection of tutorial questions from
weeks 1 to 5 inclusive and submit these answers in a single document.
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The questions to be answered are:
Week 1 Question (10 marks)
Differentiate between a sole trader, company and a partnership. Support your answer to this by
citing the advantages and disadvantages of using each business structure. (10 marks)
Week 2 Question (10 marks)
Teresa and Alison operate a partnership making and selling jam. A reduced supply of fruit has resulted
in a fall in sales. Alison purchased a large supply of glass jars that must be paid for within 30 days. The
funds are not available to meet this expense. Teresa was not consulted when Alison bought the jars
and insists that Alison pay for them out of her personal savings.
What do you think will be the legal consequences here resulting from Teresa’s decision not to consult
Alison? (10 marks)
Week 3 Question (10 marks)
Provide a case summary of the case “Salomon v Salomon & Co Ltd [1897]” using the IRAC method.
What was the significance of this case law in relation to the legal concept of separate legal entity?
(10 marks)
Week 4 Question (10 marks)
When can the corporate veil be lifted under the Corporations Act to make directors liable for
corporate debts? (10 marks)
Week 5 Question (10 marks)
Provide a case summary of the case “Lee v Lee’s Air Farming Ltd [1960] UKPC 33” using the IRAC
method. What legal principle came out of this case in relation to why the court lifted the corporate
veil in this case? (10 marks)
Submission Directions:
The assignment has to be submitted via Blackboard. Each student will be permitted one submission
to Blackboard only. Each student needs to ensure that the document submitted is the correct one.
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Academic Integrity
Academic honesty is highly valued at Holmes Institute. Students must always submit work that
represents their original words or ideas. If any words or ideas used in a class posting or assignment
submission do not represent the student’s original words or ideas, the student must cite all relevant
sources and make clear the extent to which such sources were used. Written assignments that include
material similar to course reading materials or other sources should include a citation including source,
author, and page number.
In addition, written assignments that are similar or identical to those of another student in the class is
also a violation of the Holmes Institute’s Academic Conduct and Integrity Policy. The consequence for
a violation of this policy can incur a range of penalties varying from a 50% penalty through to
suspension of enrolment. The penalty would be dependent on the extent of academic misconduct
and the student’s history of academic misconduct issues. All assessments will be automatically
submitted to Safe-Assign to assess their originality.
Further Information:
For further information and additional learning resources, students should refer to their Discussion
Board for the unit.