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Home Buyer Choice is an estate agent which handles the buying and selling of houses and flats. It has a number of offices within London and covers a wide variety of property ranging from low cost inner city houses and flats to larger houses.
The basic operation of the business is relatively simple and is the same at each branch. When an owner wishes to sell a property through the Home Buyer Choice website, the manager from the most convenient branch normally visits the house or flat to assess the selling price. Assuming that the owner agrees to this price, and to the company’s commission charge, the property is then added to the property list for that branch. Prospective purchasers are given a copy of this list on request

The director of Home Buyer Choice has asked you to design a detailed e-commerce website project plan. In 600 words, produce the project plan which includes a payment system, the necessary resources to be used, the marketing of the e- commerce site and the overall costing of the project

 

 

 

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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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