Business and corporation law assignement
Answer ALL questions.
Each question is worth 10 marks.
Total marks for this assignment is 20 marks.
Total weight for this assignment is 20%
Word limit is 2000 words.
Question 2 is more important use more than half words for question 2
QUESTION 1 – 10 MARKS
Richard, an impoverished university student, and his millionaire father enter into an
arrangement where Richard agrees that he will keep the front- and backyards of the
family property mowed, and he will ‘do a bit’ to keep the gardens looking tidy. In
return, his father agrees to pay him a weekly allowance of $200. His father had
previously used a garden contractor to do the job and paid him $350. They live on a
one-hectare property, and the mowing alone takes half a day a week. After four
weeks, Richard’s father tells him that he can’t afford to pay $200 a week. He says
that Richard should be doing the work for nothing, as it is the responsibility of the
whole family to look after the property; besides, he says, Richard is getting free
board and lodging.
Advise Richard.
QUESTION 2 – 10 MARKS
Joe, a well-known film actor, entered into a contract with Frère Bros for a period of
five years where he agreed to give his services exclusively to Frère Bros and not act
in films for any other company during this period. During the first year of the
agreement, Joe entered into a contract to star in a film being made by Pretty
Pictures. Does Frère Bros have any remedy?
END OF ASSIGNMENT