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. Tim is considering formally setting up a packaging and storage company for retail goods. He has been working from home up until now, but despite the
pandemic interest has been so high that he is looking at the different business structures he could use
a. Start by explaining the steps he would need to take to become a sole trader and the advantages and disadvantages.
a. Tim has a friend who has been helping him over the past few months that might be interested in going into business with him. As such, you need to advise them on the difference between a general and limited liability partnership to help them understand which would be a better option for them.
b. Tim may also be interested in setting up a limited liability company. Advise him of the process to have a registered company in the UK, and the pros and cons of the different kind of shares that could make up the share capital?
2. Time has gone by and Tim is running a successful business. He has been approached by a competitor (Susanne) who suggests that they merge in order
to have a larger share of the market. Tim needs some advice on this area.
a. Outline the main synergies Tim should consider in deciding whether to enter into the merger agreement. Provide real life examples. b. What steps will Tim and Susanne have to take in order to carry out the merger?
c. Highlight the negative characteristics that may lead to the failure of the merger. Provide real life examples.
3. Tim and Sally merged companies and expanded into Asia. Following a series of business deals it has come to light that Sally neither has the contacts nor business structure she led Tim to believe and upon which their agreement was made. Tim would like to walk away f rom the agreement.
a. Advise Tim on the difference between him making a claim for a breach of a condition or warranty.
b. The dispute resolution clause in the merger agreement established that any disputes would be resolved via arbitration. Outline the commercial arbitration process under UK legislation.
c. Imagine that instead of a merger Sallys company wants to acquire Tims company. What does this imply and how might they carry out the acquisition? Provide real life examples.
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 /blocked.
? 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 youll find access to many publications.
? The in-text References and the Bibliography must be in Harvards 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.
