BAF-5-BLA Individual Coursework 2020/21
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Individual Coursework Assignment
Course: BA (Hons) Accounting & Finance
Module: Business and Company Law
Module Code: BAF-5-BLA
Level: 5
Department: Accounting, Finance and Economics
School: Business
Module Leader: Cherry Cheung
Assessment: Individual Coursework Assignment
Word limit: 2,000 – 2,500 words (including the in-text citation and footnotes
where applicable, but excluding the reference list at the end)
Deadline: 14:00 on Monday 19th April 2021
This assignment must be electronically produced and submitted online via Moodle.
The coursework must be properly referenced in Harvard format and also be
submitted with a TURNITIN report. NOTE that high similarity reports could be
subject to further investigation which might lead to a charge of academic
misconduct for plagiarism.
IMPORTANT NOTE
Plagiarism is a serious academic offence that could lead to you failing this unit.
Your work should be your own at all times. Further information about what
constitutes plagiarism can be found in your Course Guide and the University
Student Handbook. If you have any questions about what constitutes plagiarism
address these to the Course Director and the module leader for this module
BEFORE submitting this assignment.BAF-5-BLA Individual Coursework 2020/21
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BA (HONS) ACCOUNTING & FINANCE (Full-Time)
LEVEL 5
INDIVIDUAL COURSEWORK
You are to answer both sections. Your work must be word processed and have a cover that
contains the information shown above together with your name and student number. The main
aims of this coursework are to develop and assess the learning outcomes shown in the module
guide as items 4.2 – 4.4 and in particular items 4.1 (a) and (c). Your work will be processed
automatically by Turnitin to check whether there may be unacceptable level of a lack of
originality.
This assignment has a 40% weighting in calculating your overall module mark.
Total word limit: 2,000 – 2,500 words (including the in-text citation and references where
applicable, but excluding the reference list at the end)BAF-5-BLA Individual Coursework 2020/21
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QUESTION ONE
Answer all questions in this section. (35% of the total marks available)
SECTION ONE
Answer ALL questions in this section.
- In relation to English legal system,
Required
a. Explain and discuss the differences between private law and public law
including the areas of law that they cover. (12%)
b. Explain the English legal doctrine of stare decisis and the system of
judicial precedent. (8%)
c. Compare and contrast the advantages and disadvantages of the system
of judicial precedent and the doctrine of stare decisis, and comment upon
the circumstances where judicial precedent might not be followed. (15%)
(Total: 35 marks)
SECTION TWO
Answer ALL questions in this section.
On 10th August 2020 Empire Cruise Ltd (“Empire”) advertised a second-hand cruise liner,
the Queen Mary, for sale in a cruise industry trade journal for £5 million. The next morning
Abdul, the Chief Financial Officer of Sunrise Cruise Ltd (“Sunrise”) rang Bilal, Empire’s
CEO, and said that Sunrise was interested in viewing with a potential to buy the Queen
Mary, however he would be out of office on a ten-day business trip to Denmark and would
not be able to view the cruise until his return. Bilal said that Empire would sell the Queen
Mary to any other buyer if they found the offer attractive. Abdul then said that Sunrise
would pay Empire £50,000 if Empire would not sell the cruise liner to another buyer for
the next ten days (i.e. until 21st August). Bilal agreed.
On 20th August Caroline, the CEO of LBSU Ltd (“LBSU”) came to view the Queen Mary
and expressed an interest to buy it at the asking price. Bilal said that Empire could only
sell the cruise liner to LBSU from 21st August onwards and asked her to contact again
the next day. Caroline contacted Bilal the first thing in the morning of 21st August. Bilal
and Caroline re-discussed the deal with the same terms and agreed the sale and
purchase of the Queen Mary for £5 million straightaway. Later that same day, Abdul rang
to arrange for viewing the Queen Mary. Bilal told him that the Queen Mary had just been
sold to LBSU and demanded Sunrise pay the £50,000. Abdul refused.
Each part of your answer must be supported by relevant authority (case law or statutes).BAF-5-BLA Individual Coursework 2020/21
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REQUIRED:
Analyse the above situation with respect to the rules governing the formation of a
contract. In particular please answer the following:
(a) The legal nature of Empire’s advertisement. (10%)
(b) Explain “consideration” (4%) and discuss the consideration that is
applicable in this case. (6%)
(c) Whether LBSU has entered into a binding contract with Empire. (20%)
(d) Whether Empire has entered into a binding contract with Sunrise (20%) and
(e) Whether Empire has any right of action against Sunrise for the £50,000. (5%)
Your answer should present sound legal argument, good English and layout. The layout
should be in the form of an essay and clearly indicate which part of the question you are
answering.
You must refer to relevant case and statute law when answering in the questions.
There are also floating marks (up to 10%) available for the professional quality of your answer
as a whole. This will include sound legal argument, precise and concise language, and clear layout
and presentation in your answers throughout. The layout should be in the form of an essay and
marks will be awarded for appropriate use of paragraphs, good sentence structure, spelling,
punctuation, referencing, clear indication of which parts that you are answering and a
bibliography.
IMPORTANT NOTE
Plagiarism is a serious academic offence that could lead to you failing this unit. Your work
should be your own at all times. Further information about what constitutes plagiarism can be
found in your Course Guide and the University Student Handbook. If you have any questions
about what constitutes plagiarism address these to the Course Director and the module leader
for this module BEFORE submitting this assignment.
End of Assignmen