• What are the advantages and disadvantages of becoming a franchisee? Should a person considering going into business the first time consider a franchise? Discuss.
• What is the significance of Salomon v A Salomon & Co Ltd [1897] AC 22? What is the 'corporate veil' and when is it permitted to be lifted under the Corporations Act?
• Tristan is considering buying shares in a company. Tristan asks you to explain to him what is meant by the terms 'member' and 'shareholder', and the different ways in which a person may become a member. He also asks you to explain who may be eligible to become a member, and how many members a company is permitted to have. Finally, Tristan asks: how does a person cease to be a member of a company?