Business Law : Relevant cases (precedents) and legislation are required as a basis for all arguments and conclusions.

Task 1 Marko has recently acquired a large sum of money with which he would like to start a business. Advise him on the choice of a business, the different forms of business organisations available for him to use, and how the law would affect his business when it commences. (20 marks) Task 2 Sameena runs an online business from home. She has recently entered into the following agreements: A. She offers to sell Bilal an Ipad. She has told him that she will assume he wants to buy it unless he tells her to the contrary by 5pm on Tuesday. The deadline has passed but Bilal has not contacted her. B. She rents her spare room to her friend Carlton for £300 a month in January. In June, hearing that Carlton is in financial difficulty, Sameena reduces the rent to £200 “until things improve” for him. In September, Trudy, Carlton’s wife, is left £15,000 by her uncle. In December, Sameena hears about this money and demands full rent from September onwards. C. Sameena orders some accessories from Ola who has advertised them online. Ola receives payment for the goods but has refused to supply them. When Sameena makes further enquires, she discovers that Ola is17 years old, although the online portal they both used for the sale requires all users to be 18 and above. D. Sameena leased stage equipment from EventR Ltd. A clause in the lease contract states: “prompt payment of instalments is of the essence to the contract and failure to comply would entitle EventR to terminate the agreement”. Sameena has paid all instalments by their due date. She was late for the final instalment but had emailed EventR in advance to notify them that the payment would be one week late. Before Sameena makes the final payment, however, EventR terminated the agreement and sued her for damages for breach of contract. Discuss the legal effects of these transactions (20 marks) Task 3 Since the 1990s, PPI policies have been sold alongside mortgages, loans and credit cards. They were meant to repay people's borrowings if their income fell because they became ill or unemployed. Following a significant number of complaints, an investigation commenced into the “PPI Mis-selling Scandal” leading to the introduction of rules by the Financial Services Authority to stop the alleged mis-selling. The British Bankers' Association, however, complained against these rules. With specific reference to the Supreme Court case of Plevin v. Paragon Personal Finance Limited [2014] UKSC 61, examine whether or not the relationship arsing out the PPI credit agreement is unfair. (20 marks) Discuss current proposals for reform of unfair terms in contracts legislation. (10 marks) Task 4 Taurus owns a wine bar. One Saturday evening, Buju hired it to host a fund-raising reggae concert. Buju was boiling some water to make coffee when he knocked over the kettle, spilling a large quantity of boiling water. Keisha, a guest, was standing nearby and boiling water splashed onto her trousers, burning her leg badly. She was unable to walk for two months. A few weeks later, Manny, Taurus’ cook at the restaurant, was frying some food in a deep-fat fryer in the kitchen of the restaurant. Unfortunately, Neil, a public health inspector who was in the process of inspecting the restaurant, knocked over the deepfat fryer and started a fire. The fire spread rapidly, trapping Manny in the kitchen. Neil managed to escape. Taurus, who lived nearby, saw his restaurant on fire and rushed in to rescue Manny. He found Manny unconscious but was able to rescue him. Taurus suffered serious burns and was admitted to St Thomas’ Hospital. Taurus has now recovered but is permanently scarred. His restaurant was closed for three months for the necessary repair work to be done and he lost profits amounting to £10,000. A. Discuss the possible claims that might be brought against Buju in negligence (15 marks) B. Discuss the possible claims that might be brought against Neil. (15 marks)