Liability of Parties in The Fashion First Pty. Ltd. - Case Study

Assignment Task

Case Study: Fashion First Pty Ltd

Andrew, Brian, Colin, Diana and Elizabeth were the directors of Fashion First Pty Ltd. Fashion First Pty Ltd does not have a constitution and relies on the replaceable rules in the Corporations Act 2001 in making its decisions. Fashion First Pty Ltd is a company engaged in the business of importing and supplying fashion accessories to the local market. Andrew is also the Managing Director.

Task

A satisfactory response requires you to:

• Read and understand the Fashion First Case Study.

• Using the case study determine the affected parties.

• Take into consideration the responsibilities of all the directors in the case study.

• Undertake research to find common law issues involved in the case study.

• Undertake research to find corporations law issues involved in the case study.

• Undertake research to advise on liability under corporations law.

• Write a well-argued report providing the client with appropriate advice on the requested issues.

• Provide the client with relevant case law to support your advice.

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