You have been approached by a friend who has asked you for advice in relation to his/her business venture. Your friend has no previous experience with company law and is setting up a private company limited by shares (LTD). He/she will be a director of this new company and is unaware of the legal rules applicable to the role of a director.
You have been asked to prepare a written briefing document advising your friend on the legal rules applicable to directors in LTD companies and his/her responsibilities as a director, making reference to the relevant legislation and/or case law, where appropriate.
The purpose of this assignment is to: test the learner’s knowledge and application of the pillars of contract law. The learner is expected to demonstrate a clear understanding of the principles, and elements of contracts.
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