Explain the various legal forms under which their business could be conducted and consider the advantages and disadvantages of each of these possibilities and advise John, Tom and Raj, Singapore

Assignment Details:

Read the following cases, and answer both questions and where appropriate, support your answer with case law. Each question carries 20 marks and requires an estimated word count of 900 to 1000 words.

Question 1

John, Tom and Raj have decided that they have sufficient complementary skills and sufficient capital to conduct their own business together. They all want to be involved in the day-to-day business activity and they want to keep control strictly limited to themselves, but also wish to place a limit on the amount of capital they can lose. They have been told that there are several different ways in which their business could be organised, but they are currently undecided as too which they should choose.

Explain the various legal forms under which their business could be conducted and consider the advantages and disadvantages of each of these possibilities and advise John, Tom and Raj as to which of the forms considered best suits their intentions. (20 marks)

Question 2

Sue was walking with her 82-year old mother in a housing estate, and as they passed a house she heard dogs barking. She turned to see two huge dogs viciously barking at them from behind a fence. Sue saw the gate closed but noticed that it was not latched. As they passed the unlatched gate, the two dogs got out and attempted to bite Sue and her mother. Sue screamed and tried to defend herself and her mother with a bag she was carrying. The owner of the dogs, Peter, hearing the commotion, rushed out and called the dogs off before they could inflict serious harm to Sue and her mother. Sue’s mother, although was unharmed, suffered a serious heart attack as the result of her shock and died. Sue is now considering legal action against Peter.

Advise Peter of his liabilities. (20 marks)