FUNDAMENTAL OF BUSINESS AND CORPORATIONS LAW BLAW-5016

MODULE 7

 

LECTURE 7 – LEARNING OUTCOMES

LEARNING OUTCOMES

Sole trader

Agency & partnership

Joint ventures & syndicates

Associations (unincorporated & incorporated)

Trusts

(Relevant) business names legislation

 

PARAGRAPHS FROM TEXT BOOK

Sole Trader

7.1 What is a sole trader?

7.2 Law applicable to sole traders

7.3 -7.15 Advantages and disadvantages of operating as a sole trader

 

Agency and Partnership

7.16-7.36 The Nature of partnerships

7.37-7.41 General partnerships

7.42 Law of agency and partnership

7.43 Power of partner to bind the firm

7.44 Liability of partners to persons outside the firm

7.50-7.70 Relationship between partners

7.71-7.78 Limited Partnerships

7.79-7.89 Advantages and disadvantages of operating as a partnership

 

 

 

Joint Ventures

7.90-7.93 Joint ventures – What it is; Law applicable; characteristics; distinguishing it from partnership

7.94-7.104 Advantages and disadvantages of operating as a joint venture

 

Syndicates

7.105-7.107 Syndicates – What it is; Law applicable; characteristics; distinguishing it from partnership and joint ventures

7.108-7.114 Advantages and disadvantages of operating as a syndicate

 

Associations (Unincorporated and incorporated)

7.115-7.123 Understanding Associations (Unincorporated and incorporated) including not-for-profit associations

 

Trusts

7.124 What is a trust?

7.125 Law applicable to trusts

7.126 Characteristics

7.127-7.136 Categories of trusts

7.137 Trusts as a fiduciary relationship

7.138-7.144 Trustees duties to beneficiaries

7.145-7.152 Trustee’s rights

7.153-7.154 Trustee’s liability

7.155-7.156 Beneficiaries’ rights and liabilities

7.157-7.160 Alteration of a trust and winding up

7.161-7.168 Advantages and disadvantages of a trust

 

 

Business Names Legislation

7.169-7.171 Law relating to Business Names Legislation

 

CASES

Mercantile Credit Co v Garrod

United Dominions Corporation Ltd v Brian Pty Ltd