MGT809 - Business Law and Governance With Legal Issues & Any Breaches of Relevant legislation - Business Law Assignment Help

Assignment Task

Question 1 
Peter operates a butcher shop as a sole trader. He decides toinvite Richard, a fellow butcher to become his business partner.Peter and Richard would like to form a company although theyare open to any other suggestions on how best to structure their business. Compare and contrast the advantages to Peter of operating as a company as opposed to remaining a sole traderor forming a partnership with Lionel.

Question 2 
Frank decides to buy land in rural New South Wales. He visits areal estate agent and asks the agent a range of questions aboutthe land. For instance, Frank intends living on the property as asemi-retired person and will agist cattle as a hobby (allow cattleon the property) from any interested neighbours. He is concerned about the number of cattle that the property will 

He asks the agent, ‘Will the property support five hundred head of dairy or beef cattle?’ The agent replies without concern, ‘Oh, yes, easily’.A second concern is that there needs to be a permanent watersupply for the house. There is a stream on the land and theagent takes him to have a look. Frank asks, ‘Has the creek everrun dry?’ The agent replies, ‘No way, mate. It’s the north coast of New South Wales and no waterway here ever runs dry!’After completing the purchase of the property, Frank discoversthat the property can only support about two (200) hundredcattle.Also, within one year a drought in the area deepens and thecreek runs dry and Frank has to spend considerable amounts toprovide water for the house and for the cattle.

One of hisneighbours informs him that this is a common problem on the property.
1. Explain the legal issues and any breaches of the relevantlegislation. 
2. Explain what action, if any Frank can take against the real estate agent including the remedies available to him.

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