Please use the following headings to discuss the problem questions

Who is your client?

What are the Issues?

What is the Relevant Law? State any leading cases and/or any relevant applicable legislation

Application of the law to the issues raised in the question

Question 3 Benjamin owns a printing press. He has a number of lucrative contracts to print leaflets for local businesses. He is contacted by Cheshire, who is interested in purchasing the printing press as part of his publishing empire. Benjamin informs Cheshire that the business is doing well and he can see why Cheshire would wish to buy the press. He tells him that he has just obtained 10 lucrative publishing contracts for a fixed term period of two years. Cheshire is impressed, particularly when Benjamin informs him that the business made a profit of over $100,000 last year. He insists, however, that he will only purchase the business if Benjamin (now in his 60s) retires. Benjamin assures him that, having sold the business, he intends only to relax. Benjamin mentions, however, (falsely) that Fifoot has also shown interest in purchasing the printing press, knowing Cheshire and Fifoot to be great rivals. Cheshire immediately offers to buy the printing press at the price stated by Benjamin. Having bought the press, Cheshire becomes suspicious of the correctness of the figures mentioned by Benjamin and asks his accountant to check the accounts. These show a profit of only $10,000 for the previous year. Further, he receives notification of the termination of the 10 lucrative publishing contracts (the terms of these contracts expressly permit termination on change of ownership of the printing press). He also discovers that Benjamin has started up a new printing business 50 miles away and is likely to be awarded the 10 lucrative contracts. Advise Cheshire. (Taken from the University of London examination paper 2009)Question 2 ILSBCL Exam 2011 Rosie wishes to set up a transport service for business people travelling between Belfast and Cork. She answers an advertisement in a trade paper for the sale of a light aircraft. Two weeks before completing the contract Rosie is advised by the seller, Damien, that the fuel capacity of the aircraft will enable her to fly between the two cities without the need to refuel. She purchases the airplane for $300,000 and sets up her business, Jet Back Lid. On a trial flight to Cork, she is forced to land and refuel at Dublin before she reaches her destination. Further investigation reveals that the aircraft is only suitable for short training flights and does not have the capacity to fly the distance she requires on a single tank of fuel. As a result Rosie is forced to abandon her business plans. The aircraft is worth $150,000 less than Rosie paid for it and, in addition, she has incurred considerable expense in setting up her business, which was expected to earn a substantial profit. Advise Rosie whether she can recover any or all of her losses.Question 1 Alex the manager of Proper Cars Lid, asks his young assistant Tom, to look after the business while he is away on holiday. It is an eventful week for Tom:- (a) Early Monday morning Tom sells a second-hand escort to Dorothy. The car has been advertised in the local press as follows:- 2003 (N) Ford Escort 45,000 miles. Blue $1,500 Dorothy returns on Wednesday to tell Tom that the escort's clock has been turned back and that it has actually done 90,000 miles. (b) On Tuesday, Tom finalises a part-exchange deal with Mr Wallace. Unknown to either of them, Mrs Wallace was involved, earlier in the day, in a serious car crash while driving the old car. The car is a write-off. (c) On Wednesday, a man calls into the showrooms introducing himself, falsely, as Joe Darcy MEP. He agrees to buy a new Orion car, but when he pulls out a cheque book, Tom says that he is reluctant to accept a cheque. The man then produces a European Parliament pass as proof of his identity. Tom accepts the cheque and the man drives offin the car. Tom has just learned from the bank that the cheque has been dishonoured. The man later sold the car to Paul a university student. (d) On Thursday, Diana, Proper Cars Ltd's secretary, puts a number of letters in front of Tom for his signature. Tom is busy talking to the workshop manager at the time and signs his name without reading each one. He has now discovered that one of the letters was an undertaking to act as a guarantor for a $5,000 loan to Diana by the Motown Bank Plc. Explain to Tom the legal position in each situation