Australian Guide to Legal Citation | My Assignment Tutor

LAWS20059 Term 3 2020 take home p…Referencing: Referencing should be in accordance with the Australian Guide to Legal Citation (AGLC), which is linked on the Moodie site. References should be by footnote, NOT end notes or reference lists or bibliographies. References to Acts should include section numbers. Total marks: 60% of the overall assessment for the unit Word limit: 2500 words, excluding footnotes Instructions: Students are required to answer all questions. 2 You should identify each answer by heading it with the question number — e.g. 01(b) and ensure that each page submitted has your name and student number on it. 3. You should not use diagrams, or summaries in table form to answer the questions. a. In this exam, you are required to provide legal advice to fictitious clients. Your task is to explain the law and to apply it to the facts. Your answers should be directed to the clients’ problems. Question 1 [16 marks] Bob and Jane are Trustees of the B and J trading trust (BJTT) and are both beneficiaries of the That along with their sister Mary. As Trustees of the BJTT Bob and Jane have decided to pay themselves 6100,000 each for their services as Trustees and to invest a further $40,000 in the BH partnership of which Bob is a partner. The partnership has been formed to develop and distribute a vaccine for the corona virus. Two weeks after investing in the partnership, Bob is informed that the partnership is being sued by a major drug manufacturer for a breach of contract. To concentrate on the activities of the partnership, Bob and Jane appoint Phillip to manage the BJTT who is an employee of Betta Pty Ltd a company owned by Bob’s wife. You need to explain: The duties which Bob and Jane have as Trustees and whether they have breached any of those duties; ,b, The remedies available to the trust beneficiaries for the breach of duties by Bob and Jane as Trustees; and The liability of Bob as a partner for any debts incurred by the BH partnership, and as to any liability he may incur for acts and omissions by other partners. [Inthis question you need to comment on hie


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