2106AFE Revision Lecture Questions Question 1 Short Answer Questions: Provide a brief answer including the specific sections and sub-sections that apply under the Corporations Act 2001 (Cth). DO NOT use ILAC method to answer. (a) On 1 February 2012‚ Mr Lawson was appointed as an administrator of Gogo Pty Ltd by the passing of a resolution by a majority of the directors of the company. Upon appointment‚ Mr Lawson convened the creditors’ first meeting on 4 February 2012. Is this a valid
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EUROPEAN LAW REVISION NOTES BACKGROUND INFORMATION The UK joined the EU in 1973. Originally sent up following World War 2‚ the EU was an attempt by many western European countries to rebuild their economies by working closely together. The idea was that they would be more prosperous when working together. The countries then decided that they would share a common framework of laws in the areas of employment and the trading of goods and services between the countries. Now EU Laws cover other
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Lecture 2 : Jurisdiction to Tax Taxable Income Tax Payable [s4-10 ITAA97] : (Taxable income x Tax Rate) – Tax Offsets Financial Year 1 July : 30 June Tax Offsets [s13-1 ITAA97] Social security benefits Dividends (franking credits) etc Taxable Income [s4-15 ITAA97] : (Assessable Income – Deductions) Assessable Income [s6-1] compromises Ordinary Income [s6-5] and Statutory Income [s6-10] but not Exempt Income [s6-15] Deductions include General Deductions [s8-1] and Specific Deductions
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Contract = an agreement between two or more persons which will be enforced by a court of law *Action for breach of contract is part of common (judge-made) law *Essence of contract law is to protect the bargain bw 2 parties *Must not engage in conduct that is misleading‚ unconscionable and unfair. 1. Formal contracts Contracts of record (court records) Contracts under seal (ie deeds‚ gratuitous comments) 2. Simple contracts In writing Evidenced in writing No requirements SIMPLE ROADMAP Intention
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SCHOOL OF ACCOUNTING AND LAW LAW2452 COMPANY LAW COURSE MANUAL Copies of copyright material in this compilation have been made in accordance with the provisions of section VB of the Copyright Act for the teaching purposes of the University. CONTENTS Course Syllabus 2 - 4 Topics (Topic 1 - 15) 5 - 17 Tutorial Questions (Questions 1 - 46)
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COMPANY LAW – EXAM NOTES Incorporation and Its Effects S117 - All companies must register with ASIC S118 – All companies must have a Number S119 – Once the company is registered with ASIC‚ the company has a separate legal existence. Separate Legal Entity The separate legal entity notion is shown in Salomon v Salomon where a company shareholder is limited to the amount of share capital they have contributed and they can not be held personally liable for the dealings of the company. This notion of
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effects Characteristics of a company -Companies are artificial entities with rights and liabilities separate from their shareholders or members -s119: company comes into existence as a body corporate at the beginning of the day on which it is registered with the name specified in its certificate of registration -This legal entity is separate from its members so assets of the company are not the assets of its members and contracts entered into by the company will create rights and liabilities
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World empires revision notes- roman empire and the qin and han dynastys -both rome and china produced effective solutions to the fundamental problem of how to govern and exploit diverse populations. Rome -roman recognized the importance of romes mediterreanan location‚ Proximity to the sea‚ good communications to Greece and north Africa with their ports and hinterlands‚ a temperate climate‚ agrarian potential. -creative political organization enabled rome to provide for a huge and spread
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Question 1 Issues: Whether EF ( Ever Fresh Sdn bhd ) could claim against Fruity? Laws & Applications; The term fiduciary does not have a precise definition. Fiduciary is a term that may cover a wide range of situations where a person is expected to act‚ not in their own self interest but having regards to another’s interest. Fruity as the managing director of Freshness Always Sdn Bhd (FA) has no fiduciary in relation with FA by telling Cellar that FA would not be interested because it only sells
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consequentialist theories: Ethics of Duties 11. Which German Philospher is most influential in looking at our ethical duties? (Page 105) “ For Kant morality was a question of certain eternal abstract and unchangeable principles – a set of apriori moral laws that humans should apply to all ethical problems. 12. What was his ethical framework called? (page 105) 13. Describe his three rules/maxims in your own words (page 105) 1. 2. 3. 14. Kant’s maxims/rules should be used as tests for every
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