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TRUE OR FALSE Identify whether the statement is true or false. 1. Contracts with minors are only voidable if the minor agrees to buy text books for school. 1 points A) True O B) False 2. Vivian approached Yvette about the sale of a sapphire bracelet at $375. Yvette says she will think about this. The next day Yvette hands $370 to Vivian, Vivian takes it and responds that she will bring the bracelet for Yvette 1 points tomorrow at lunch. However, during that night Vivian died. Here a contract was not formed. O A) True B) False 3. Acceptance could be evidenced by the offeree carrying out a duty detailed by the offeror. 1 points A) True ( B) False 4. An 18-year-old cannot enter into a contract if he has a criminal record. 1 points O A) True O B) False 5. Companies and partnerships are similar because the both have legal persona. 1 points A) True O B) FalseHow would you ensurethat your risk management processes talce into account the following legislation, codes of practice and national standards? Briefly describe eacJ'i legislation. Provide a practical example for each legislation of what n'slt action you your own works, summarize: 1irirould take that takes into account'ie legislation. .1 Duty of care l1 Company law c Contract law d Environmental law e. Freedom of information f. Industrial relations law g Privacy and condentiality l'L Competition and Consumer Law i. Disability law Discuss the importance significance in the case of Ashbury Rly Carriage and Iron Co Lid v Riche (1875). ( should have facts, judgment and the important points in the case)Amy has collected Shaker-style furniture for a number of years. After she lost her job, she decided to start trading in Shaker furniture. Initially, she did all her trading on-line, but after a year decided to rent a store and start dealing directly with the public. Demand has exceeded all her expectations, and she is looking to expand her business. While she has a wealth of knowledge about Shaker furniture and is obviously very capable as a salesperson, she has no spare money to put into the business. + Amy thinks she is currently operating as a sole trader, and has heard about companies and partnerships, but does not know much about them. + a) Amy asks you to explain to her the key differences between a sole trader, a partnership and a company.+ b) Which structure would you recommend for her growing business?+ Would your recommendation change, if+ c) Amy had a son in the final year of his marketing degree and who was keen to be involved in the business once he graduated?+ + d) Amy will need to borrow $100,000 to expand the business in the near future?+
