Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are some of the key differences between a partnership and a joint venture, as a vehicle for operating a business. (2 marks) Explain the

  1. What are some of the key differences between a partnership and a joint venture, as a vehicle for operating a business. (2 marks)

  2. Explain the concept of fiduciary duty, and its scope or duration, as applied to partnership law. (2 marks)

  3. Describe at least three differences between an incorporated association and a company. (3 marks)

  4. In what circumstances, does the Corporations Act impose personal liability on directors for harm caused by the company? (2 marks)

  5. Tortoise Ltd is a shareholder in Rubicon Ltd which is listed on the ASX. Tortoise Ltd would like the shareholders to pass a resolution instructing the board of Rubicon to sign up to the United Nations Principles for Responsible Investment. Can the shareholders do so? (2 marks)

  6. Imagine that the constitution of a company includes a provision limiting the companys objects to investing in start-up fintech businesses. Having regard to the effect of ss 124 and 125 of the Corporations Act 2001, what is the legal effect of that limitation? (3 marks)

  7. What are the similarities and differences between the duties of a promoter and a director in a company? (3 marks)

  8. Explain statutory protection rules for third parties when they enter into contracts with a company. (3 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

College Accounting

Authors: Heintz and Parry

20th Edition

1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192

More Books

Students also viewed these Accounting questions

Question

Discuss all branches of science

Answered: 1 week ago