Question
1)Best Builders Pte Ltd is owned by Mr Tan. Although his son is not formally employed with the company, he frequently acts on behalf of
1)Best Builders Pte Ltd is owned by Mr Tan. Although his son is not formally employed with the company, he frequently acts on behalf of the company and makes executive decisions on the company's behalf. Other directors and employees of the company have accepted his behaviour. Advise whether Best Builders Pte Ltd can avoid liability for a contract which Mr Tan's son has entered into on its' behalf.
2)Tom owes Jerry $1,000 and agrees to pay back the monies on 31 June 2021 by going to Jerry's home and personally returning the monies to him in cash. Jerry has now asked for the monies to be returned by 1 March 2021 and tells Tom that he can "just pay $800 back". Would Tom be able to fully discharge his debt to Jerry by accepting Jerry's offer?
3)Explain and evaluate the range of remedies available in tort.
4)Mr Tan wants to start a business selling handphones and electronic items. However, he is unsure whether he should start a company to run his business. Advise him on the advantages and disadvantages of setting up a company and the types of company structures he can consider.
5)The innominate term approach introduces flexibility when a court is called on to determine the outcome of the breach of a contractual term. However, the use of the approach is undermined by the uncertainty that results. Describe and evaluate the use of innominate terms.
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