Category Archives: Business Law

Advise Travis on the alternative views and treatments of monies involved in the above dealings making reference to case law and relevant ITAA sections.

On 1 July 2015 Travis, who is a builder, purchased a block of land for $400,000 with the intention to hold it for 2 years and then sell it at a profit. Travis attempted to sell the land in July 2017 but was unsuccessful as there was no buyer demand for it. Travis then built 4 townhouses on the land in November 2017 at a total cost of $1,200,000 and leased them in March 2018 to tenants at $20,000 per annum. In March 2020, Travis sold the townhouses for $700,000 each when the property market suddenly improved.

Required

Advise Travis on the alternative views and treatments of monies involved in the above dealings making reference to case law and relevant ITAA sections

Article XX of GATT 1994 permits Members of the World Trade Organisation- would it be accurate to regard Article XX as allowing Members too much scope to breach other provisions of the GATT 1994?

Article XX of GATT 1994 permits Members of the World Trade Organisation to interfere with free trade in goods in ways that breach the obligations contained in the General Agreement on Tariffs and Trade (GATT): for instance, by imposing an import ban (contrary to Article XI), or imposing very high tariffs (contrary to bound tariff levels under Article II). Using the Reports in two or three Disputes, only show how the permission works in practice, and how the Panels or Appellate Body interpret Article XX. In light of the outcomes of the Disputes you use in your essay, would it be accurate to regard Article XX as allowing Members too much scope to breach other provisions of the GATT 1994?

Article XX is the exception to the rule,….

What is a third party beneficiary contract?

Answer the following questions: Answers should be complete and detailed. Use complete sentences and be sure to proofread your work. 1. What is a third party beneficiary contract? 2. Explain the difference between an intended beneficiary and an incidental beneficiary. 3. What is the difference between an assignment and a delegation? 4. What is a condition precedent? 5. List at least three excuses for nonperformance of a contract. 6. What are three different ways a contract can be discharged? 7. What factors do courts consider when they must interpret a contract? Additional Content? You can add text and files that support your answers. Add Content Save for Later Submit

Demonstrate knowledge of substantive law including the American legal system, civil litigation, contracts, and business organizations.

Course Objective This assessment addresses the following course objective(s): • Demonstrate knowledge of substantive law including the American legal system, civil litigation, contracts, and business organizations. • Demonstrate knowledge of judgment and analytical ability. Instructions Consider the following before responding: Molly, Thomas, and Daisy met while studying business at Herzing University. Not long after graduating they decide to go into business together selling hand-painted figurines and customized mailboxes. Molly dipped into her trust fund and contributed $45,000 to the business, while Thomas wrote a check for $11,000 and Daisy borrowed $3,000 from her mother. After their first year in business, the company lost $12,000, mostly because Thomas made a poor business decision. At the end of the second year, the business reported a profit of $75,000. The profit….

The task involves the completion of a business plan fora hypothetical business of your choosing.

SCENARIO:

You have decided to establish a new business in a large shopping centre. Your business could be a clothes store, food outlet, jewellery store, pet shop, chemist shop or any other small business which is contained in a shopping centre such as Bankstown Central. You are required to complete a business plan for this business.

TASK

? The task involves the completion of a business plan fora hypothetical business of your choosing. ? Your completed business plan is to contain the components and follow the structure outlined below.

?You must usemajorheadingsfor each section (these are the numbered headings inbold listed below)

?Some sections will requiresubheadingsandminor headings(these are listed underneath the major headings and are also identified inboldbelow). ? The information initalicsis an overview outlining what is required….