问答题Ada, Beatrix and Collins have been friends for a long time. Recently, they have an idea of conducting business for profit together and want to start running the business as soon as possible. All of them want to take part in the dayto-day management of the business. Since all of them have limited budgets, they do not want to invest too much money in the formation of the business. It is also their wish to keep any personal loss in the business within a particular limit. Required: Advise Ada, Beatrix and Collins as to the different forms, or what types, of business organisation for carrying on business in the Hong Kong Special Administrative Region which are appropriate/could meet their requirements. (10 marks)

问答题(b) the original jurisdiction of the Supreme Court of Pakistan to enforce the Fundamental Rights. (5 marks)

问答题Chi, Di and Fi formed an ordinary partnership to run an art gallery. Each of them paid $100,000 into the business. As Fi had no prospect of raising any more money it was agreed between them that her maximum liability for any partnership debts would be fi xed at her original contribution of $100,000. The partnership agreement specifi cally restricted the scope of the partnership business to the sale of ‘paintings, sculptures and other works of art.’ In January 2010 Chi took $10,000 from the partnership’s bank drawn on its overdraft facility. She had told the bank that the money was to fi nance a short-term partnership debt but in fact she used the money to pay for a holiday. In February Di entered into a $25,000 contract on behalf of the partnership to buy some books, which she hoped to sell in the gallery. Required: Advise Chi, Di and Fi as to their various rights and liabilities in relation to the operation of the business under partnership law. (10 marks)

问答题In relation to partnership law, discuss the essentials that will distinguish the partnership agreement from other agreements. (10 marks)

问答题(b) the circumstances under which an offer may be terminated. (5 marks)

问答题In relation to company law, describe the differences between the various classes of shares. (10 marks)

问答题Ali is an antique dealer and one Saturday in November 2007 he put a vase in the window of his shop with a sign which stated ‘exceptional piece of 19th century pottery – on offer for €500’. Ben happened to notice the vase as he walked past the shop and thought he would like to have it. Unfortunately, as he was late for an important meeting, he could not go into the shop to buy it, but as soon as his meeting was finished he wrote to Ali agreeing to buy the vase for the stated price of €500. The letter was posted at 11:30 am. Later on the same day, Chet visited Ali’s shop and said he would like the vase but was only willing to pay €400 for it. Ali replied that he would accept €450 for the vase, but Chet insisted that he was only willing to pay €400 and left the shop. However, on his journey home Chet realised that €450 was actually a very good price for the vase and he immediately wrote to Ali agreeing to buy it for that price. His letter was posted at 12:30 pm. Just before closing time at 5 pm. Di came into Ali’s shop and she also offered €400 for the vase. This time Ali agreed to sell the vase at that price and Di promised to return the following Monday with the money. On the Monday morning Ali received both of the letters from Ben and Chet before Di could arrive to pay and collect the vase. Required: From the point of view of the law of contract advise Ali as to his legal relations with Ben, Chet and Di. (10 marks)

问答题(b) Within the context of corporate governance examine the role of, and relationship between executive directors and non-executive directors. (6 marks)

问答题In relation to the law of agency, explain how the doctrine of the undisclosed principal can create a binding contract. (10 marks)

问答题(c) issuing shares at a discount. (4 marks)

问答题(c) the rules of equity. (3 marks)

问答题(c) Special Court for Income Tax Appeals.

问答题In relation to the Securities Law of China, state the statutory conditions to be met to list the stocks of a joint stock company and the relevant organisation that may adopt stricter conditions for such listing. (10 marks)

问答题(c) Explain what is meant by ‘judicial independence’. (2 marks)

问答题(b) altering rights attached to different classes of shares. (5 marks)

问答题In relation to the law of agency, explain the duties of the agent towards the principal. (10 marks)

问答题(b) Explain whether the partners can prevent Svetlana from becoming a partner. (5 marks)

问答题(b) Legal codes. (5 marks)

问答题(b) Explain the principal obligations of a Subject Person in terms of the Prevention of Money Laundering and Funding of Terrorism Regulations, 2008. (5 marks)

问答题(c) a Sharia law system. (3 marks)