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HI5027 Corporations Law
Assignment 1 Case Studies

Assessment Value: 20%

Word Length 1000- 1500 words

Date Due: Week 6 Friday via email
Question 1. (10marks)
Simon is the majority shareholder and managing director of Slowgo Pty Ltd which operates a chain of discount stores. Slowgo has very few assets and is not in a position to pay its debts. One of its main creditors is owed $500,000. The assets of Slowgo are not enough to cover this debt. Explain using case law whether the creditors can sue Simon personally?

Question 2 (10 marks)
Ace, Brenda, Chris and Deidre run a large shoe retailing business. They decide to incorporate because they want to get the benefit of limited liability. They also wish to raise capital through the sale of shares to the public. Analysis the different types of companies and then advise what type of company should they establish?

Question Set #45

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Word Count: 1110 words including References
File Format: Microsoft Word Document
Editable: Yes
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