Highlights
Task:
a) What business structure you think has been used for the operation of FFS? Justify your answer with knowledge you acquired from the topic "Business Structure". In the event that the business closes down, if Brenton and Sanjoy are financially unable to contribute to repaying the outstanding debts, how much can the creditor recover from you?
b) Which legislative provision you think Jenny may rely on to take an action against FFS for the inaccurate advertisement? What may be the consequences if Jenny's action is successful? Lasted Updated:November, 2020
c) Explain the roost appropriate principle of contract law that Jing's parents may rely on to challenge the validity of the loan contract? You are not expected to refer to any statutory law (legislation) in your answer.
d) To avoid incurring further liability, what can you do to cancel the order placed by Brenton? Would your answer be different if Brenton has already received an email from the Electronics shop but has not retrieved the email yet? Refer to the relevant provisions of the Electronic Transactions Act 1999 in your answer.
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