Hong Kong Law Exam Date: 24 May 2010 (Tuesday) Time: 14:30~17:15 Total answer three questions @ 300marks 1 question @ 100 marks 5 choose 3 questions Business Law Lecture 2 and 3 - Essential elements of a contract ← Essential elements of a contract □ Offers □ Acceptance □ Consideration □ Intention to be legally bound ← Consideration P.29~31 ← Past consideration P.32~33 ← Promise to perform existing obligations P.34~36 ← Part payment of a debt
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Model of Hong Kong Disneyland * Threat of New Entrants * High capital requirements: High capital requirements mean a company must spend a lot of money in order to compete in the market. High capital requirements positively affect Hong Kong Disneyland. … * Strong brand names are important: If strong brands are critical to compete‚ then new competitors will have to improve their brand value in order to effectively compete. Strong brands positively affect Hong Kong Disneyland
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Exchange Rate System in Hong Kong On Nov 16‚ 2011‚ The IMF Staff Mission visited Hong Kong and showed endorsement on keeping the linked exchange rate in place (HKISD‚ 2011)‚ in spite of the voices of the abolition of the system‚ which causes adverse effects to the Hong Kong economy with monetary policies by the FED (Stephen‚ 2010). This system has been in function from the year 1983. It grants the HKD stability predictability and attracts foreign investments‚ turning Hong Kong into the world financial
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1. Introduction 1.1 Background The Hong Kong airport had been removed from Kowloon City to Chek Lap Kok on 6 July 1998. The New Airport‚ which costs around HK$70.2 billion‚ consists of passenger terminal buildings‚ centralized terminal processing buildings‚ runways and taxiways‚ attached and satellite terminal concourses‚ aircraft parking positions‚ road bridges‚ aircraft maintenance facilities and support and ancillary facilities. This project was deemed critical to the public because any
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Education Reform in Hong Kong: 334 System There are a number of controversies and debates on recent education reforms in Hong Kong. The most recent and debatable one is 334 Education System in 2012. In the following‚ it will first briefly look into the old and new education system. Also‚ it will explore the implications of the new education system to see the causes and consequences. By 2012‚ the 334 Education System replaced the 3223 Education System. The two systems are structurally
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Calls are growing for a more equitable society with regard to the current debate on whether the minimum wage in Hong Kong should be raised to HK$35 a hour. Before making any conclusion‚ I’d like to make respond to one of the opposition’s view --minimum wage is crippling the businessman. This is an unreasonable and exaggerated argument as the booming rent price in Hong Kong is a wide known significant factor. While it is crystal clear that the businessmen are trying to pass the buck to their
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SINGAPORE Qualitative Economic growth Prior to becoming one of the leading economies in the world‚ Singapore was at a juncture where it was evident that economic growth was required to catapult the operation of the economy and this would only prove possible within a short time frame if qualified (successful) foreign companies saw the country as a viable hub for business operations. The country was hindered by inaccessibility of overseas markets‚ lack of domestic resources‚ shortage of management
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Essay The Reason of Hong Kong Being an International Trading Region “Business-friendly environment‚ rule of law‚ free trade and free flow of information‚ open and fair competition‚ well-established and comprehensive financial networks‚ superb transport and communications infrastructure‚ sophisticated support services‚ and well-educated workforce complemented by a pool of efficient and energetic entrepreneurs. Added to these are substantial foreign exchange reserves‚ a fully convertible and
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1. Impact of Beijing into WTO and how it affects Hong Kong? * Entry of China into WTO * Hong Kong – It is used to be the trading port of China * If Beijing enter WTO? What will happen to Hong Kong? ANSWER ONE FILE For China‚ which is already the world’s ninth largest trading entity‚ it will mean more external trade‚ and external trade of a better quality. There will be substantial tariff reductions among China’s existing trading partners and there will be access to more trading partners
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Strategic Management Analysis of IKEA Hong Kong Introduction In order to understand what strategic position and direction which IKEA takes in Hong Kong market so as to keep making successful business‚ it is important to conduct a strategic analysis of IKEA HK from internal‚ external factors to its strengths‚ weakness‚ opportunities and threats to evaluate this company. To tide over the economic crisis‚ most of the HK home furniture business tends to “low price strategy” so as to gain market share
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