Business company law

Paper, Order, or Assignment Requirements

Richard, an enterprising young executive, has just had a meeting with the Chairman of his company, Ready Import plc. During this meeting his boss outlined a problem which was looming at the docks in Southampton. This involved a cargo of bananas which had just arrived by container ship from the Caribbean. It seems that the dock workers are refusing to unload the cargo unless and until they are given higher wages. Their Union is backing them up in this action. The bananas will ripen within the next 48 hours, and unless they are unloaded, will be useless and the whole cargo lost. Richard’s boss has passed on this problem for him to solve.
Just before Richard left the room his boss called him back and said: “Oh, Richard, I am leaving the company, and I want you to buy out my interest in the company. Think about it carefully”.
Richard left, but not liking the tone of the last sentence. It sounded to him like a threat, and that he had no option.
When he got home, he found that his wife had had a visit from the bank manager, and had mortgaged their house to the bank, to satisfy some long outstanding debts to the bank.
Advise Richard as to his three problems:
1. The Union and the dock workers refusing to unload the cargo
2. The boss apparently threatening him or pressurising him to buy his (the Chairman’s) interest in the company
3. His wife mortgaging their house to the bank
Additional Guidance
• You must include a table of statutes and cases at the end of your work. This is a list of each case and statute that you use to support your answer, with a brief summary of the legal principle it established. You will be awarded up to 10 marks for this table.
I – Issues
R – Relevant law
A – Application
C- Conclusion
1. Identify the legal issues. These should be stated briefly in one sentence – there is no need to enlarge on the issues as this will be done in the application section.
2. Take each issue in turn and set out the relevant law relating to that issue. All relevant cases and statutes should be mentioned, but it is not necessary to give the facts of every case.
3. The law should be applied to the facts of the question. This may be done after you have set out the law on all the issues, but it is usually clearer to do this immediately after you have set out the law on each issue.
4. State your conclusions – this should be brief. If there is more than one possible conclusion, set them all out.


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