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Question: Limited Liability Partnerships (“LLPs”) were introduced in 2000 in the expectation that there would be great commercial demand for them. This has turned out not to be the case. In practice, LLPs are found mostly in the accounting profession, though some solicitors’ firms have adopted the LLP status. Explain the differences between partnerships and LLPs while considering the advantages, if any, that LLPs may have over other forms of business vehicle. Finally, consider why the demand for them has not been as great as anticipated and the extent to which LLPs are in fact necessary.

Answer: The Limited Liability Partnerships Act 2000 received Royal Assent on 20th July 2000, and came into influential existence on the fourth month of 2001 . The 2000 Act created Limited Liability Partnerships...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 1849 | References: Yes | Date written: October, 2004 | Date submitted: February 17, 2009 | Coursework ID: 244

Question: 'In a large listed company, there are no effective restrictions on the conduct of the directors compelling them to behave in the interests of shareholders or stakeholders.’ Discuss.

Answer: As the number of shareholders increases within a company, it is almost impossible for all the shareholders to be involved in the management of the company’s affairs. Thus, the shareholders become increasingly...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 940 | References: No | Date written: Not available | Date submitted: February 17, 2009 | Coursework ID: 243

Question: Analyse the advantages of Limited Liability, its effect on contract and tort creditors.

Answer: Through having limited liability for companies in a corporate group there are many advantages which encourage this form of structure to take place. Salomon’s principle for a company in a corporate group...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 1988 | References: No | Date written: Not available | Date submitted: February 17, 2009 | Coursework ID: 242

Question: Insurance Law

Answer: This essay concerns one of the central issues in insurance law stemming from the fact that the insurance contract, unlike most other contracts, is one of the utmost good faith. Whether or...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 3690 | References: No | Date written: Not available | Date submitted: February 16, 2009 | Coursework ID: 241

Question: The Ford Pinto - Profit V’s safety

Answer: In the late 1960’s Ford Motor Company was losing market share to competing car companies from Japan and Germany. Lee Iacocca, Executive Vice President, planned to produce, a new subcompact car called...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 3066 | References: Yes | Date written: November, 2004 | Date submitted: February 16, 2009 | Coursework ID: 240

Question: Legal Due Diligence Process

Answer: Due Diligence can be widely defined as a broad spectrum of investigative procedures in relation to an acquisition of a company\\\'s shares or of assets in a commercial context, a joint venture...


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Details: - Mark: 60% | Course: Commercial Law | Year: 1st | Words: 1100 | References: No | Date written: Not available | Date submitted: February 16, 2009 | Coursework ID: 239

Question: Critically assess the advantages and disadvantages of commercial arbitration.

Answer: The Arbitration Act has three general principles. The first is that the arbitration should obtain fair dispute resolution by an impartial tribunal without unnecessary delay or expense. This includes a mandatory requirement...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 1986 | References: No | Date written: December, 2001 | Date submitted: February 16, 2009 | Coursework ID: 238

Question: Charitable trusts

Answer: For this assignment I will focus on charitable trusts, what gives them charitable status? It will be noted that the jurisdiction dates back to Tudor England and still provides the definition for...


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Details: - Mark: 60% | Course: Commercial Law | Year: 1st | Words: 2791 | References: Yes | Date written: Not available | Date submitted: February 16, 2009 | Coursework ID: 237

Question: The Decision Made by Rougier J in Bernstein v Pamson Motors can lead to fundamental injustice for buyers of goods. Discuss.

Answer: In a Sales of Goods Contract both the seller and the buyer are placed under certain obligations, that is to say they have certain duties to perform. If it is found that...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 2620 | References: No | Date written: Not available | Date submitted: February 16, 2009 | Coursework ID: 236

Question: Soton plc, a second –hand car company, places an advertisement in a local newspaper, stating “1997 Ford Fiesta for sale, only £1,500. Ahmed bought the car and drove it for a week. He then discovered that it has a serious engine problem. He also discovered that the car was first registered in Ireland in 1993 and re-registered in the UK in 1997. Advise Ahmed as to the rights he may have under the terms implied by the sale of Goods Act 1979.

Answer: This problem has some important issues that may determine whether Ahmed has any rights over Soton plc, that are provided in the Sale of Goods Act 1979. Soton plc may also be...


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Details: - Mark: 60% | Course: Commercial Law | Year: 2nd/3rd | Words: 1720 | References: No | Date written: Not available | Date submitted: February 16, 2009 | Coursework ID: 235


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