Assessment type: Written assignment comprised of two problem solving hypotheticals

Due date and submission time: 10 April Extended to Tuesday 14 April at 11:59pm AEST.

Word Length: 2,000 words

Weight: 30%

Aligns to Learning Outcomes: 1-3

Please view the Essential Guide for Studying Law, for the word limit policy. The word count must be stated on the front cover of the assignment.

Assessment Question: The assignment question/s will be drawn from topics 1-6.

Assignment Style: Please refer to the style checklist in the Essential Guide for Studying Law for details on how the assignment should be formatted.

Referencing style that the assessment must comply with: Australian Guide to Legal Citation 4th Edition.

Your responses must be referenced and supported by cases and legislation. Your response should demonstrate your engagement with and understanding of topics 1-6 in this unit. You are NOT to refer to other legal topics or legislation

Question 1

Visualise yourself as an accountant or financial adviser.

Your client is Gabby, and she asks for your advice. She wants to buy a two storey backpackers hostel in Coffs Harbour for $10million. Shes been advised verbally by the current owner that the hostel turned over $3million in the previous financial year. Gabby is concerned that the verbal advice might not be reliable. She is also concerned about any legal issues that may arise, particularly with regards to injuries that customers may experience in the hostel.

Advise Gabby on the verbal turnover, as well as the best way to avoid liability for injuries to clients. Provide examples to Gabby from case law.

Your answer must be supported by relevant case law and legislation.

Question 2

Gabby has raised the $10million by getting a mortgage over her mothers home. The mother, Angela, signed the mortgage papers. Angela is from Greece and doesnt read English very well. Gabby told Angela that the Bank will never use their power of sale of Angelas house. Gabby told Angela that this is because the hostel is such a great business.

Angela comes to you for advice because she isnt sure that a hostel is such a good business.

Advise Angela about the mortgage she signed as a guarantor for her daughters business. Discuss the possible outcomes.

Your answer must be supported by relevant case law and legislation.

Marking Criteria

Marks are not specifically allocated to individual criteria. The final mark awarded reflects the overall quality of the written assignment taking into account all criteria.

Content demonstrates

• Identification of legal issues
• Knowledge of the relevant Australian legislation, case law and other applicable rules and principles
• Knowledge of other options and remedies available

Structure demonstrates

• Clear introduction and conclusion
• Coherent, well-signposted organisation (e.g. use of headings)

Expression, style and presentation demonstrates

• Recognition of nature of audience
• Recognition of purpose of assessment i.e. to advise a client or memo to a senior partner in an accounting firm
• Written in plain English, in a style which is clear, fluent and concise
• Careful proofreading

Citation

• Complies with AGLC

Word Length

• Within the stated word length