Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr Wong was one of the partners of a local law firm, namely Wong, Lee & Chan. A few months ago, while carrying out his

Mr Wong was one of the partners of a local law firm, namely Wong, Lee & Chan. A few months ago, while carrying out his duty as a partner, Mr Wong was introduced to Tom, a manager of NanoLife Insurance Ltd (“NanoLife”), which is a client of the firm. Occasionally Mr Wong was invited by Tom to hold seminars for NanoLife’s staff training programme. In one of the seminars, Mr Wong met Jack who was the head of the legal department in NanoLife. Jack and Mr Wong found out that they graduated from the same school of law and soon became good friends. Later Mr Wong resigned from Wong, Lee & Chan and set up his own practice. NanoLife became one of the main clients of Mr Wong’s new law firm.

Required:

(a) Explain whether Mr Wong breached his duty as a partner of Wong, Lee & Chan and discuss the consequence of the breach, if any. (9 marks)

(b) Apart from the duty of a partner mentioned in 3(a) above, explain other duties of a partner under the common law.


Step by Step Solution

3.43 Rating (166 Votes )

There are 3 Steps involved in it

Step: 1

a Mr Wong has breached his duty as a partner since it was through the previous WongLee Chan partnership firm that Mr Wong got insights about Nano Life and used his contact with Jack from Nano Life to ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advertising and Integrated Brand Promotion

Authors: Thomas O'Guinn, Chris Allen, Richard Semenik

6th edition

538473320, 978-0538473323

More Books

Students also viewed these Accounting questions

Question

Find the median for the set of measurements 2, 9, 11, 5, 6, 27.

Answered: 1 week ago