Business law mid-term assessment

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1. Katharine is a professional dancer, but due to an injury she will no longer be able to continue dancing at the same level. She is seeking legal advice on the possible business structures she can choose between if she decides to open a dance studio.

  1. Advise Katharine on the legal requirements in the UK to set up as a sole trader as opposed to starting a general partnership with some other dancers.
  2. You feel that Katharine should also know the pros and cons of a limited liability company.

a. Should Katharine decide to set up a limited company she needs to know the difference between ordinary, preference and redeemable

shares. Explain what these are to her. Which do you consider would be most appropriate in her case?

  1. Time has gone by and Katharine is running a successful business that has expanded to six dance studios and her students have won many international dance prizes. So successful that she has been approached by a large dance studio network that would like to acquire her business.
    1. Explain to Katharine what it would mean for her company to be acquired.
    2. The other party lets Katharine know that they would also be interested in an equity joint venture project developing dance studios
      aimed at the over 60s. Advise Katharine as to the pros and cons of this type of business structure. Provide real life examples.
    3. Explain to Katharine why you believe a merger would be a better option. Provide real life examples.
  2. Katharine and the party interested in acquiring her company have entered into a pre-contractual agreement under which part of the purchase price was paid to Katharine. However, at the last minute Katharine decides she does not what to let go of her business. The acquiring company is threating to sue her for breach of contract.
    1. Advise Katharine as to whether or not she may be sued for breach of a condition or warranty. Outline the effects of this.
    2. Katharine would rather avoid going to court and so asks you to tell the other company that she is willing to try to resolve the matter by
      either conciliation or arbitration. Explain what this would actually entail and which you consider to be most appropriate and why.

BCO125 BUSINESS LAW – Midterm & Rubrics

Description:

 Individual written task.

 Questions answered in order, numbered (1.a.) and in essay format. Do not use bullet points.

 Answer the following questions in a single document using the information given to you throughout the course and additional research.

 You must research and find the laws or regulations that correspond to the questions that you are answering from a UK law perspective.

 Apply Harvard in-text citations in the document.

1. Katharine is a professional dancer, but due to an injury she will no longer be able to continue dancing at the same level. She is seeking legal advice

on the possible business structures she can choose between if she decides to open a dance studio.

a. Advise Katharine on the legal requirements in the UK to set up as a sole trader as opposed to starting a general partnership with some
other dancers.

b. You feel that Katharine should also know the pros and cons of a limited liability company.

a. Should Katharine decide to set up a limited company she needs to know the difference between ordinary, preference and redeemable
shares. Explain what these are to her. Which do you consider would be most appropriate in her case?

2. Time has gone by and Katharine is running a successful business that has expanded to six dance studios and her students have won many international

dance prizes. So successful that she has been approached by a large dance studio network that would like to acquire her business.

a. Explain to Katharine what it would mean for her company to be acquired.

b. The other party lets Katharine know that they would also be interested in an equity joint venture project developing dance studios
aimed at the over 60s. Advise Katharine as to the pros and cons of this type of business structure. Provide real life examples.

c. Explain to Katharine why you believe a merger would be a better option. Provide real life examples.

3. Katharine and the party interested in acquiring her company have entered into a pre-contractual agreement under which part of the
purchase price was paid to Katharine. However, at the last minute Katharine decides she does not what to let go of her business. The
acquiring company is threating to sue her for breach of contract.

a. Advise Katharine as to whether or not she may be sued for breach of a condition or warranty. Outline the effects of this.

b. Katharine would rather avoid going to court and so asks you to tell the other company that she is willing to try to resolve the matter by
either conciliation or arbitration. Explain what this would actually entail and which you consider to be most appropriate and why.

Formalities:

 Word count: 1000 to 1500

 PDF Format

 Cover page, Table of Contents, References and Appendix are excluded of the total word count.

 Font: Arial 11 pts.

 Text alignment: Justified.

 You are encouraged to quote, laws, regulations, relevant publications, such as academic journals and books, case studies or business reports to
support your arguments.

 To find relevant publications, you may browse through EBSCO (link is on Moodle) and/or Google Scholar, where you’ll find access to many
publications.

 The in-text References and the Bibliography must be in Harvard’s citation style.

Submission: Week 7 – Via Moodle (Turnitin). Submission is due Week 7, 14 March before 23:59 (Barcelona time).

Weight: This task is a 30% of your total grade for this subject.

Outcomes: This task assesses the following learning outcomes:
 Understand the role of law as a business and management tool.
 Identify different issues and laws applicable in the context of doing business.
 Examine the different legal approaches and legal tools available for the conduct of business.

Rubrics

Exceptional
90-100

Good
80-89

Fair
70-79

Marginal fail
60-69

Identification of
main

Issues/Problems

25%

Identifies and demonstrates a
sophisticated understanding of
the main issues / problems in
the case study

Identifies and demonstrates an
accomplished understanding of
most of the issues/problems.

Identifies and demonstrates
acceptable understanding of
some of the issues/problems in
the case study

Does not identify or
demonstrate an acceptable
understanding of the
issues/problems in the case
study

Analysis and
Evaluation of

Issues /
Problems

25%

Presents an insightful and
thorough analysis of all
identified issues/problems

Presents a thorough analysis of
most of the issues identified.

Presents a superficial
analysis of some of the
identified issues.

Presents an incomplete analysis
of the identified issues.

Development of
Ideas

and Opinions

25%

Supports diagnosis and
opinions with strong
arguments and well-
documented evidence;
presents a balanced and
critical view; interpretation
is both reasonable and
objective.

Supports diagnosis and opinions
with limited reasoning and
evidence; presents a somewhat
one-sided argument;
demonstrates little engagement
with ideas presented

Little action suggested
and/or inappropriate
solutions proposed to the
issues in the case study.

No action suggested and/or
inappropriate solutions
proposed to the issues in the
case study

Link to case law,
legislation and

Additional
Research

25%

Makes appropriate and
powerful connections
between identified
issues/problems and legal
concepts and legislation
studied in the course;
supplements case study with
relevant and thoughtful
research and cites all sources
of information

Makes appropriate but
somewhat vague connections
between identified
issues/problems and legal
concepts and legislation studied
in the course; supplements case
study with limited research and
citation of sources of
information.

Makes inappropriate or little
connection between issues
identified and the legal concepts
and legislation studied in the
course; supplements case study,
if at all, with incomplete research
and citation of information.

Makes no connection between
issues identified and legal
concepts and legislation studied
in the course; little to no
research or documentation.

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