Description
2000 WORDS (10% – +), OSCOLA REFERENCING STYLE, INCLUDE AS MANY UK LAW CASES AND REFERENCES AS POSSIBLE. Make the paper as if a student wrote that paper. The deadline is 13 of March.ALL THE INSTRUCTIONS INCLUDED IN THE DOCUMENT BELOW. MAKE SURE TO CHECK THE CHECK LIST THAT HAS BEEN PROVIDED IN THE DOCUMENT WHEN YOU FINISH THE PAPER. Thank you
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INSTRUCTIONS
Instructions
Word count – 2000 words maximum (excluding footnotes and bibliography) +/-10% applies.
No AI tools may be used: You must not use AI tools to create any draft or final versions of
your work. Your non-use of AI must be appropriately acknowledged. By submitting this work
for marking within the Faculty of Business and Law, you are confirming that you have
worked within these conditions, and you understand that, in cases of doubt, an
investigation may be held.
OSCOLA referencing style
Question
Ahmed, Lilian and Lisa were classmates at Liverpool John Moores University Business
School. They decided to operate a business upon leaving university. For a few months every
year, they put their funds together so that they can place orders for mobile phones, laptops,
and computer accessories to sell at festivals across the country. They divide the costs and
the income of these activities among themselves. Lisa also operates a separate business of
selling kitchen wares. The business of Ahmed, Lilian and Lisa became so successful that they
contemplate entering into a long-term arrangement. Three months ago, they rented a shop
in Liverpool One shopping complex, to sell goods locally, in addition to their online platform.
They also decide to obtain a bank loan to support their business operations. They want to
continue to share the profits of the business among themselves only, with less operational
costs and minimum legal compliance challenges associated with running a business. Ahmed
and Lilian intend to be involved in the business for as long as possible, but Lisa intends to
reduce her involvement in running the business at some point in the future, to pursue other
interests. Lisa also intends to expand her kitchenware business to include other businesses
such as mobile phone sales, while still engaged in business with Ahmed and Lilian.
With your knowledge of the various business forms, attempt parts (a), (b) and (c) below
with the aid of relevant legislation, case law, policy documents and scholarly writings as
applicable.
Use OSCOLA referencing style only.
a). Briefly explain the main characteristics of a sole trader business, partnership and limited
company AND identify the particular forms of business that Ahmed, Lilian and Lisa were all
involved in, before they obtained the bank loan.
b). Based on your knowledge of the regulation of the forms of business discussed in your
answer to a), advise Ahmed, Lilian and Lisa of the type(s) of business that would best suit
their personal circumstances after they confirmed their business intentions having obtained
a bank loan. Provide clear justifications for your answers.
c). Assume the following. Ahmed, Lilian and Lisa want to continue to do business together,
but they all intend to avoid personal liabilities for the debt of their business, while they
continue to share the profits among themselves only. Ahmed is interested in managing the
business, while Lilian and Lisa intend to only contribute capital and ideas, without taking
part in the management of the business. Advise the parties of the most appropriate
business model for their circumstance(s). Provide clear justifications for your answer.
– Cite relevant legislation, case law and scholarly writings to support your analysis across
your paper.
Essay advice and guidance
Use Arial 12 font, 1.5 line spacing.
Assessment criteria
When marking this essay, staff will take note of the following in allocating a mark:
Does the essay: ( CHECK LIST )
•
Identify and discuss the relevant legal concepts?
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Identify and coherently examine any relevant policy issues?
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Demonstrate an ability to apply knowledge to the stated problem? This is especially
important in a problem based question.
•
Draw reasoned conclusions which are supported by argument and legal authority?
•
Produce an accurate and up-to-date picture of the law in this area?
•
Use appropriate terminology and language for a formal essay?
•
Show an ability to present an analytical argument in a comprehensible manner?
•
Do not over-use the facts of decided cases.
•
Use judicial quotes but do not over-quote. Keep them short and punchy.
•
Your work should show significant critical analysis rather than be merely descriptive.
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There should be evidence of research beyond the core texts.
•
You should take great care with the language, syntax and general exposition of your
essay. High marks will only be awarded where the essay shows an authority of style and
precision of language.
•
Avoid just writing all you know. Questions rarely ask for this. Tailor your essay to
what the question is asking you to do.
•
If the question does not point you toward a specific element, then only discuss it if
you can make it relevant to the answer.
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Keep to the word limit.
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Hand your essay in on time!
•
We will also take note of the general School of Law criteria for marking law essays in
the table below.
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