As a project manager, you tend to create a plan of the steps to go on vacation. Here are the steps you have decided on:

Check into resort Travel to airport Relax and enjoy Choose vacation spot Take bus to resort Book reservation Plane ride

What is the correct sequence for project Relaxing Vacation?

A.      Relax and enjoy; choose vacation spot; travel to airport; take bus to resort; plane ride; check into resort; book reservation

B.      Choose vacation spot; book reservation; travel to airport; plane ride; take bus to resort; check into resort; relax and enjoy

C.      Plane ride; relax and enjoy; take bus to resort; choose vacation spot; travel to airport; check into resort; book reservation

D.      Book reservation; relax and enjoy; take bus to resort; travel to airport; check into resort; choose vacation spot; plane ride

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Week 1 Question (10 marks) Differentiate between a sole trader, company and a partnership. Support your answer to this by citing the advantages and disadvantages of using each business structure. (10 marks) Week 2 Question (10 marks) Teresa and Alison operate a partnership making and selling jam. A reduced supply of fruit has resulted in a fall in sales. Alison purchased a large supply of glass jars that must be paid for within 30 days. The funds are not available to meet this expense. Teresa was not consulted when Alison bought the jars and insists that Alison pay for them out of her personal savings. What do you think will be the legal consequences here resulting from Teresa’s decision not to consult Alison? (10 marks) Week 3 Question (10 marks) Provide a case summary of the case “Salomon v Salomon & Co Ltd [1897]” using the IRAC method. What was the significance of this case law in relation to the legal concept of separate legal entity? (10 marks) Week 4 Question (10 marks) When can the corporate veil be lifted under the Corporations Act to make directors liable for corporate debts? (10 marks) Week 5 Question (10 marks) Provide a case summary of the case “Lee v Lee’s Air Farming Ltd [1960] UKPC 33” using the IRAC method. What legal principle came out of this case in relation to why the court lifted the corporate veil in this case?

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