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Gryphon Consultancy is a computer-consulting firm. It spends considerable time and effort recruiting the best personnel from the United States' leading technical schools. Gryphon employees sign an initial three-year employment commitment. Dwayne worked for Gryphon, but then he quit and formed a competing company, which he called Syntel. His new company contacted Gryphon employees by phone, offering more money to come work for Syntel. At least 16 Gryphon employees left their work without completing their contractual obligations and went to work for Syntel. Gryphon sued. What did it claim, and what should be the result?

You have most likely heard of the Liebeck v. McDonald's case. Liebeck spilled hot McDonald's coffee in her lap, suffering third degree burns. At trial, evidence showed that her cup of coffee was brewed at 190 degrees, and that, more typically, a restaurant's "hot coffee" is in the range of 140-160 degrees. A jury awarded Liebeck $160,000 in compensatory damages and $2.7 million in punitive damages. The judge reduced the punitive award to $480,000, or three times the compensatory award. Comment on the case, and whether the result was reasonable.

Self-driving cars are no longer science fiction. These vehicles are programmed to use lasers, sensors, software, and maps to drive themselves. A handful of states have passed laws allowing driverless technology on the road. But what happens when a driverless car harms someone? Who should be at fault? The passenger? The programmer? The manufacturer?

Congress passed the Protection for Lawful Commerce in Arms Act which provides that gun manufacturers and retailers cannot be sued for injuries arising from the criminal misuse of a weapon. Critics argue that when gun makers market and sell military-style assault rifles to civilians, they should be held liable because these highly dangerous weapons are designed for specially trained soldiers, not the general public. Assume you own a gun store. What ethical considerations would apply to the sale of guns in your store? If Congress had not passed the pertinent statute, what legal theory might make a gun store owner liable for a customer's misuse of a gun bought at the store?

Use ILAC format to answer the questions Question 1: what is Member remeces {1G marks}: [chapter 1? of Understanding Company Law] Question 1 what is Director's duties (EC! marks}: {chapter 13 of Understanding Company Law} ME}:r duties 5130, 5131, 513; 5133, 5134 and 55336- o'Ft'l're Corporaticms Act 'r'bu will be ashed to advise ASIC have there been breaches of the Corporations Act in the above circumsta nces. 'rbu must look at that for each ofthe five directors {2 executive directors and three non executive crectors}. The compan}:r is in nancial difcultytha't is related in terms howthe directors should be responding to that. wl'ietherthe major response to represent the breach or not. Nominate Type of breach Discuss the provision that has been bread'red. Question 3: Corporate Contracting [10 marks}: Can the bank enforce the mortgage contract against the company"? Section 13 ofthe Corporations act in instances where a Director has misrepresented a cosignatory. 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) FalseUunivers'rty first year BUSINESS LAW - Introduction to company law Chapter 1.5 Introduction to company law Short Answer Questions [end of chapter p 432}: 1., 2. 4 and 5 Why is a director considered to be a fiduciary? Explain 1ivhat is meant by the duty to act 1ivitl'. due care, skill and diligence. 4L Briey explain what a related party transaction ls, why disclosure ls required at board level and why member approval of the transaction ls required. 5. Why does an Insolvent company or a com parry nearing Insolvency have to consider the Interests of creditors when making decisions conoemlng the allocation of company resources? According to China's Company law, who of the following persons could be eligible for appointment as a director, supervisor or senior manager of a company? A. A person who has been convicted crime of corruption B. A physical disabled person who has full civil capacity C. A former director of a company which has been declared bankrupt where he was personally responsible for the bankruptcy D. A person who has significant unpaid debts. 8. Which of the following FIE forms is not a legal person? A. CJV B.EJV soon mug rancor C. Branch office D.IHC how of viilids and beat vilsing aved of bermilos ed or ontolyons set . 9. According to China's company law, a company may not purchase its own shares in which of the following circumstances! A. to reduce the registered capital B. to merge with another company that holds its shares C. to reward the staff of the company with shares of D. to escape some tax Page 2 7 pages in totalDiscuss 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)