Instructions:

Answer the following questions, citing relevant legal authorities (law and cases) in support of your answer. Answers not supported by any legal authorities will not receive any credit.

Legal problem-solving questions must be answered using the IRAC (Issue, Rule, Application and Conclusion) method taught in class.

Reference sources must be cited in the text of the report (either in-text or footnotes, AND listed appropriately at the end of the assignment in a Reference List following the AGLC (Australian Guide to Legal Citation) style. Failure to cite references when reproducing the work of someone else without attribution amount to plagiarism. Please read the attached Academic Integrity Policy for further guidance.

All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.

Word counts for each answer are indicated after the question. Word count limits are strictly enforced. A deduction of two (2) marks will be imposed for every 50 words over the word count for either part of the report. Anything over the word count will not be read by your lecturer.

Question 3 (11 marks)

You have been approached by some clients for advice about whether they should form a public or proprietary company for the purchase of a multi-million-dollar petroleum distributorship. What factors would you take into account when offering the clients advice?

(Maximum 450 words)