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Question;LAWS20029 -;CORPORATE LAW;TERM 3 2014 ? ASSIGNMENT;Marks: 30% of theoverallassessmentfor;thecourse;Submission: Onlinevia;Moodle;Format: One file;in.docor.docx (MSWord);format.;Submissions;in anyother file format( willbe treated;asa non-submission.;Due date: 11.45pm;11 December 2014 (Week 6);Word limit: Word limits are set;out for each question;(The;marker willstop readingafter the;limitis;reached).;Extensions policy;The;university policy on extensions of time will be strictly enforced. Extensions of time will only be considered if;made via the online system and usually must be based on medical or;compassionate grounds. Any extension;application should be made before the time limit for the submission has;passed. Medical conditions must be;supported by a medical certificate, and since students are expected to start;the assignment early, temporary or last-minute conditions are not an automatic;ground for an extension. Professionals;are expected to organise and manage their time to meet their obligations, so;work or personal commitments are usually insufficient grounds for an extension.;Plagiarism;The;university?s plagiarism policy will also be strictly enforced (and in the past;plagiarism incident reports have been issued in this course). If plagiarism is found, a likely result will;be zero marks.;THE;ASSIGNMENT DETAIL IS ON THE NEXT PAGE;Facts;Joe;is a taxi driver. He reaches an;agreement with Ann, who owns a taxi, on these terms:-;?;At times to be agreed, Joe can pick up the taxi;from Ann, who will deliver it with a tank full of fuel, in a clean condition;and in proper repair.;?;Joe can then drive the taxi for profit-making;purposes for a maximum 12-hour shift, charging standard taxi rates, and using;the radio system which Ann pays for at her own expense.;?;During the shift, Joe will be entitled to buy;petrol for the taxi out of the takings from the taxi fares.;?;Joe must return the taxi to Ann no later than;the 12-hour limit, in a clean condition and with the fuel tank full.;?;The balance of Joe?s takings (after fuel costs);will be shared between Joe and Ann 50/50.;?;Ann will be responsible to pay for all other;expenses of running the taxi, including taxi licence renewals, repairs and;maintenance, insurances, etc.;Question 1 (15 marks - maximum 1000 words);Provide a legal;argument for why this is NOT a partnership under the Partnership Act 1891 (Qld).;Question 2 (10 marks - maximum 600 words);Apply the ?three certainties?;to demonstrate why this agreement does NOT create a trust.;Presentation (5 marks);A;mark between 0 and 5 is available for the professional qualities of your;work. It includes things like: structure;and formatting with consistent headings, fonts and page numbering;spell-checking, logical flow of explanations, conciseness and relevance;general readability. Your answers must;be expressed in your own words. You will;not receive marks for copying slabs of text with no attempt to summarise.


Paper#58868 | Written in 18-Jul-2015

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