Assessment item 3 - Problem question 2 Value: 20% Due Date: 10-May-2021 Return Date: 01-Jun-2021 Length: 2000 words Group Assessment: No Submission method options: EASTS (online) TASK This assignment requires you to answer a long problem-type question using the lLAC (issues, Law, Application, Conclusion) format, a worked example of which is in the Resources folder. Please note that the word limit of 2 000 words is firm, and 1 mark will be deducted if your assignment exceeds 2 000 words. The word limit includes references in the text but excludes the bibliography at the end. You should be able to answer the problem in far less than 2 000 words. \"In this subject, assignments are marked on-line, using an adapted MS Word programme. You therefore MUST submit your assignment in Word format, NOT as a PDF document. If you submit in PDF it will not be able to be marked.\" ## If you think you may need an extension for this assignment, please read the rules relating to extensions in Appendix 1 of this Subject Outline before applying for an extension. ## United Agricultural Holdings Ltd (UAH) is a company which owns a number of cattle stations throughout New South Wales. UAH has a board that consists of fourdirectors, Charles, Camilla, Andrew and Edward. It currently has $ 100 million in capital, on deposit with NSW Bank. The board has decided that given its healthy cash position, it wants to expand the company's operations. The board of UAH decides that, to make its operations more protable, it should sell some of its lower-producing farms, and gives Edward the authority to identify which properties should be sold and to sign contracts of sale, without reference back to the board. Edward identifies ve farms, and sells four of them to other agricultural firms. The fifth farm he sells to Charles' wife, Diana. The farm is sold at market value. The board of UAH sends Camilla as its representative to the annual Agricultural Industries Conference held in Bathurst. In between one ofthe conference sessions, Camilla meets up with Paul, who works for an agricultural co-op. He says to her\"So, how are things going at UAH? You