Academic Writing
$250-750 AUD
货到付款
ABC Pty Ltd operates three children’s clothing stores in Victoria. On 8th August 2009 Sammy was appointed to the position of Managing Director for a period of two years. ASIC was notified of her appointment. At the end of the two year period she was not formally reappointed but she continued to act as Managing Director. Under the terms of her original appointment she was not to commit the company to borrowing more than $20,[login to view URL] transactions greater than that required the approval of the board of directors. On 30th September 2011 Sammy purportedly acting on behalf of ABC signed a loan contract with Elderado Bank for the company to be lent $30,000. This was not referred to the board. The bank was not aware of the contents of Sammy’s contractnor the advice of Sammy’s original appointment to ASIC in 2009. The Board has refused to accept liability on the loan and the bank has commenced recovery proceedings. Is ABC bound under the loan contract?
Question 2 (10 marks)
Plant Well Pty Ltd (“Plant Wellâ€Â) operates a nursery growing and selling garden plants. Charlie, Delta and Eric are the only directors and shareholders of Plant Well. Charlie manages the day-to-day operations of the company. Delta, whose formal education finished at the age of 14, is in charge of the nursery. Eric is a non-executive director and does not take an active part in the management operations of the company.
Recently a competing business opened near the nursery and, as a result, Plant Well’s profits have dropped. Charlie thinks that Plant Well should move to larger premises in a different area. Without consulting either Delta or Eric, Charlie starts looking for new premises. He decides the first place he inspects is perfect, although the price is more than Plant Well can comfortably afford. Charlie does not think this will be a problem because there is no competition nearby and he expects that profits will recover immediately.
Charlie calls a Board meeting and tells Delta and Eric that moving will solve all the company’s problems and that the property he has seen is perfect for Plant Well. He does not tell them that he has only looked at this one property. He tells them that they will have to act quickly as there is another interested buyer. He is so enthusiastic that both Delta and Eric agree to the proposal even though Eric has some doubts, feeling that they are being rushed into making a decision without being given time to consider other alternatives. Delta agrees to the proposal without really understanding the financial implications.
Plant Well purchases the new premises and moves into them, but because of continuing dry weather, its profits remain low. Eric is becoming worried about his obligations as a director, especially if Plant Well’s financial position deteriorates any further.
(a) Now advise Eric about any possible liability he may have for insolvent trading under s 588G if Plant Well becomes insolvent.
(b) Advise Delta as to her position in respect of:
i.?any breaches of her duty of care; and
ii.?any possible liability for insolvent trading under s 588G if Plant Well becomes insolvent.
项目ID： #7698054
关于项目
有40名威客正在参与此工作的竞标，均价$279/小时
Hi there, I am an experienced academic writer with excellent research skills. I can assure you gilt-edged quality and plagiarism free work. I have worked on multiple academic assignments including literature revie 更多
I am a professional full time academic research writer fully proficient in HARVARD, APA, MLA, Chicago and Oxford writing styles. I am competent in writing dissertations, thesis, reports, case studies, personal developm 更多
Hallo. My name is Noel, a BSc. in Accounting and ACCA qualifications holder. I possess vast accounting, finance, and management knowledge and experience as an academic writer. I am well qualified to take the project an 更多
Hi, I hold my degree in law and done quite a few related academic writing.....I can provide you highly comprehensive work and can further discuss the requirement in detail...thanks!!
Experienced and accomplished ACADEMIC WRITER available to provide quality work. Please contact for future consideration. Regards
am a competent academic writer, with high lead times and turnaround time, proposal writer, masters level dissertation writer, PHD level dissertation and thesis writer, PHD defense PowerPoint presentation writer, argume 更多
HI, I would like to use my experience to serve you better. You can trust my sincere indulgence both in quality and time frame. If you will give me a chance, I will ensure that you're satisfied. I'm really interested in 更多
I am an experienced writer, editor and proofreader ready to help you write, edit and proofread your academic paper. If you are looking for someone with excellent research and writing skills, look no more because I will 更多
Hello; I am a professional and committed writer with seven years experience in the field of writing. I can provide you excellent quality work within the given time. Looking forward for your response; Best regards!
