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Laws of Contract

Question: Discuss about the Laws of Contract. Answer: Overview of Case As per first case, Richard was a student of the university. His father enters into an agreement with Richard in which Richard gives his agreement that he will manage and keep gardens tidy.  Against his agreement, Richard’ father says that he will pay $200 weekly to him as an allowance. After four weeks, father of Richard tells him that he will not pay $200 a week because it is the responsibility of Richard to manage the property because he is also a member of the family.  ...

  • Published: 23 Dec, 2017
  • Views: 620

Law for Business Objectives Group

Question: Discuss about the Law for Business Objectives Group. Answer: Advice to Harry Regarding His Right According to the Partnership Act 1891, the partnership is defined as the relation that exists among a group of individuals for conducting a business in order to attain common objectives. Taking reference from the stated definition, it is observed that all the four members are equally liable for the losses and the profits. The section 7(1) of the Partnership Act also suggests that the partners can use credit for any purpose with the consent of ...

  • Published: 26 Dec, 2017
  • Views: 515

Corporation and Enterprise Law

Question: Discuss about the Corporation and Enterprise Law. Answer: Introduction Tort is a civil wrong done where one party is injured or suffers a loss as a result of actions of other party. Some of the common Torts as defined in the laws of Australia include misrepresentation, trespassing and breach of statutory duty. Negligence is of such torts covered under the Tort Law in Australia (Trindade, Cane and Lunney, 2007). When a case of negligence is committed, the aggrieved party is awarded damages by the court in monetary form. In some cases, whe...

  • Published: 26 Dec, 2017
  • Views: 755

Taxation Law for Commonwealth Consolidated Act

Question: Discuss about the Taxation Law for Commonwealth Consolidated Act. Answer: 1: Section 6-5 of Taxation Law of Australia provided guidelines on applicable tax on assessable income. Income, which is subject to taxation, is called assessable income.  Income according to ordinary concepts is essential ingredient of assessable income. Ordinary income is considered as the amount an individual earns or derives in ordinary course of running any type of business. Ordinary income generally comprises three main categories as given below: Income from a...

  • Published: 26 Dec, 2017
  • Views: 619

Contract Law for Civil Liability Act 2002

Question: Discuss About the Contract Law for Civil Liability Act 2002. Answer: Introduction: An important rule which is, to established in case of negligence is that of Causation, which means that a necessary condition of the harm should be the negligence and the harm is required to follow within the defendant’s scope of liability. The issues of remoteness and causations are required to be tended separately, the most essential test for establishing causation is the “but for” test the main question which needs to be answered under this test is...

  • Published: 28 Dec, 2017
  • Views: 623

Foundation of Taxation Law : Exempted Capital Gains

Question: Discuss about the Foundation of Taxation Law for Exempted Capital Gains. Answer: 1. According to the information provided in the question, we have to calculate the net capital gains obtained by Fred through sale of his holiday home, during current tax year. Further it is known that taxpayer is an Australian resident and also that the property was purchased by the taxpayer before September 20, 1999 but after September 20, 1985. Also, contract signing date and receipt of payment date are in the current assessment year for the given situa...

  • Published: 30 Dec, 2017
  • Views: 563

Company Law for Mention in Corporate Act

Question: Describe about the Company Law for Mention in Corporate Act. Answer: Before discussing the remedies available to the shareholders of the company, we are taking a brief look on the duties of directors of Happy Days Limited towards the shareholders of the company. Following are the general duties of the director’s mention in Corporation Act 2001: Directors must fulfill their duties with the care and diligence & they have complete information about the financial aspects and they did not engaged in any trading activity in case of insolvency...

  • Published: 02 Jan, 2018
  • Views: 651

Australian Taxation Law for Section 6-5 of Income

Question: Describe about the Australian Taxation Law for Section 6-5 of Income. Answer: 1. Issue: After understanding the given case one would understand the provisions of Ordinary income as per the Australian Income Tax Law. Peta had received an income from the club for selling his table tennis court. The amount received was $600,000. The amount spent by Peta was $100,000 to renovate the tennis court. His ultimate aim was to build three units on it and then to sell in the market. But since the offer made by the club was very good, Peta changed her m...

  • Published: 03 Jan, 2018
  • Views: 701

Analysis on Taxation Laws and Cases

Question: Discuss about the Analysis on Taxation Laws and Cases. Answer: Case study 1: Source and Residence According to the tax authority of Australia, Fred is obliged to pay tax to the government, since the tenure of his stay in the nation is over 11 months before returning to the UK. N addition, the amount earned from investment in France would also be taken into account during the tax assessment of the person. The diverse ranges of difficulties are needed to be considered depending upon the individual circumstances. However, it needs to be ...

  • Published: 05 Jan, 2018
  • Views: 698

Business Law for Due to Misrepresentation

Question: Describe about the Business Law for Due to Misrepresentation. Answer: 1. Issue: What key areas of Business Law would affect Bill and Jill in the given scenario? Rule of Law One of the most essential aspects of a formation of valid contract is that it should not be entered through misrepresentation by the parties. This would leave the contract to be voidable on the part of the party who has been induced to enter into a contract due to this misrepresentation. For obtaining relief for a misrepresentation, it is necessary that such represe...

  • Published: 08 Jan, 2018
  • Views: 690

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