MLC101: Law for Commerce Case - IRAC Methodology for Legal Problem - Law Assignment Help

Assignment Task :

Learning Outcomes 

ULO 01—Understand the rules of law that apply in the formation of contracts. 

ULO 02—Understand, explain and apply the rules of law in relation to contract law, business organisations including agency, partnership and company law, and, civil liability, focusing on negligence law. 

ULO 03—Demonstrate the ability to read and critically evaluate the principles of law taught in this unit. 

ULO 04—Explain relevant law and to use the IRAC methodology for legal problem solving. 

ULO 5—Use appropriate digital technologies to search, retrieve and apply relevant information to law for commerce. 

Case Study Research Paper Questions 

Short Answer Question 1  

Anup and Suresh are brothers who own a business called TecWiz. Anup wanted to take a break from business management, and he signed a Letter of Understanding with his brother to take leave for six months, and during such time Suresh is to manage the business and pay $3000 per month to Anup. Anup decided to rent a fishing lodge in Queensland using his monthly stipend. After three months, Suresh stopped monthly payment to Anup. 

Advise Anup whether the agreement is legally enforceable.  

Short Answer Question 2 

John rents a flat from Adam for one year starting from January 2020 to December 2020. Monthly rental is $1500. Due to COVID-19 and the resulting lockdown, John is unable to pay the full rent. Adam agrees to reduce the rent by half for six months starting from February 2020. Adam sends John a notice on 01 July 2020 stating that payments should return to the original rental amount and that he wishes to collect the arrears of rent from last six months as John has got a new job now. 

Can Adam insist that John should pay the arrears of rent?

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