Business in practice - BA/ e c & mylo.utas.edu.au/d2l/lefcontent/633812/viewContent/5327958/View @ week 11 workshop .pdf x | u Customer Support - Course He X Hop thu dn (423) - thidengdl X | + To get future Google Chrome updates, you'll need macOS 10.13 or later. This computer is using macOS 10.12. al week 11 workshop .pdf ~ Casestudy 1 Greg leases a shop on aregional town street. He signed a two year lease and six months into the lease there were major works along the street due to flooding. Although his shop was not impacted, many shops were closed for renovations. Greg experienced a drop in trade and was worried about cash flow and paying his rent. He spoke to the landlord (Frank) and informed him that he would need to break the lease and move out of the leased premises. Greg's lolly shop was a major drawcard for foot traffic in the town and the landlord was very keen to keep him operating as there were other shops which Frank leased and he wanted their operators to stay aswell. Frank offered to reduce Greg's rent by 30% until the other shops were all reopened and trade returned to the closed shops. Greg decided to keep operating on the reduced rent. a) He started paying the reduced rent after the conversation with the landlord. After the repairs (which took 14 months) business returned to normal and then it was coming time for Greg's lease to expire. Greg asked about a new lease. The landlord said the new lease would not be negotiated until Greg repaid the underpaid rent cver the 14 month period. Advise Greg. What would your view be if Greg had asked for a reduced rent to stay and Frank had said 'yes for months' but Greg had kept paying the reduced rent for 14 months? You need to spend time working through equitable estoppel for this scenario and to refer to cases. You h @& &G v = 0@ : Learn more Show all X X Course summary and revision X week 11 workshop .pdf x | H Customer Support - Course He X Hop thu dn (423) - thidengdl X | + v & C @& mylo.utas.edu.au/d2|/le/content/633912/viewContent/5327953/View Mo @ N 0O Q : To get future Google Chrome updates, you'll need macOS 10.13 or later. This computer is using macOS 10.12. Learn more X Use the workshop to review your answers and to clarify any issues you need to. Practice question 1 Under section 180 of the Corporations Act, directors have a duty to act with due care and diligence. In fact, the court has held that the section 180 duty is a duty to exercise directors' powers and discharge duties with the degree of care, skill and diligence that a reasonable person would exercise if they were a director in the corporations' circumstances, held the same office and had the same responsibilities as the directors. Vines v ASIC [2007] NSWCA 75 Freda is an experienced company director. She has however been distracted over the last 6 months and has stopped reading board papers. She has not engaged in board discussions and has deferred to the CEO and CFO and their recommendations when the board was required to make decisions. One decision is now being investigated by ASIC. What are your views whether Freda has reached the required duty of care? Explain with reference to what the standard is. - ae . = week 11 workshop .pdf A Show all x Course summary and revision X week 11 workshop .pdf x | H Customer Support - Course He X Hop thu dn (423) - thidengdl X | + & c & mylo.utas.edu.au/d2lfle/content/633912/viewContent/5327953/View To get future Google Chrome updates, you'll need macOS 10.13 or later. This computer is using macOS 10.12. , Practice question 2 Siri works for a large insurance company. She becomes aware that some company files have been hacked and released on the dark web. You are the General Manager and are asked to advise if there anything to be concerned about. What should company do and has it breached any APPs and if so which ones. This is what Siri tells you: a. b. c. d. week 11 workshop .pdf A Names, addresses and loan values have been accessed Identity documents linked to those loans have been accessed Information about past false claims on insurance policies has been collected on all customers. The company privacy policy is dated 2010 and does not refer to how to store information electrically or who has access The company has not informed the Privacy Commissioner of the breach G # @ o x 0@ Learn more Show all X