Commercial Law
Some Revision Questions from Past Exam Papers
Question
X Ltd imported television sets from Taiwan where they were manufactured by the Taiwan Toy Company. The Taiwan Toy Company has an excellent worldwide reputation for producing high quality, very safe products. One of the television sets developed an electrical fault when being shipped to Australia. The fault could only have been detected if every television set was individually tested by X Ltd.
X Ltd sold the television as one of a consignment to the SupaTV Discount Store, which has now gone into liquidation. Before it went into liquidation SupaTV sold the faulty television to the ABC Advertising Company. ABC used the television set for making presentations to its
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Unfortunately Tartan’s business has not been very successful. The company’s audit for the financial year ended 30 June 2000 revealed that the company had failed to make a trading profit. It further revealed that Tartan’s liabilities were three times its assets, and that it had been unable to pay its suppliers for the last six months. However, these matters were barely discussed at the director’s meeting which immediately followed the audit reports. Instead the directors resolved that the company borrow $2 million to purchase more tartan fabric.
Four weeks after borrowing the $2 million, the company was put into liquidation.
Discuss the liability of the directors.
QUESTION
Holly is a clothing designer and manufacturer. She sells her clothes by direct mail. In January she sent her 2008 catalogue by post to all her customers. One of the customers was Joyce. Joyce filled in the order form provided in the catalogue and posted it off on the 1st March. Joyce ordered three dresses marked at $50 each. Shortly afterwards Holly sent back a letter saying that Joyce’s three dress would be despatched in the next seven days, but that the price of each dress was $250. Unfortunately, the printer had made a mistake when printing the catalogue. Joyce doesn’t want the dresses at $250 each.
Which of the following is the most accurate statement? EXPLAIN your answer.
Holly is contractually bound to supply
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“The marketing environment consists of the actors and forces outside marketing that effect marketing management's ability to develop and maintain successful transactions with its target customers.”(Kotler 2009). To be specific, the marketing environment can be divided into the microenvironment and macro environment in terms of the different level of elements
H&M company (in UK). H&M Company has a clear understanding of their product philosophy, which decides their product strategy directly. “Fashion and quality at the best price” has been their philosophy from they established, so the style of
Marketing communications are the means by which firms attempt to inform, persuade, and remind consumers—directly or indirectly—about the products and brands that they sell. The marketing communications mix consists of six major modes of communication. List and briefly explain each using a specific product or service to illustrate their use.
The core benefit of the ‘Kraft Tiger Energy Choc’ (Kraft Tiger) biscuit is its nutritional value. These biscuits are fortified with the nine vitamins and six minerals recommended by the World Food Programme. They are enriched with Vitamins such as Vitamin A, B1, B2, B5, B6, B12, D, E, Calcium, Magnesium, Phosphorus, Zinc and Iron. These vitamins can help to fulfill consumer’s daily intake of vitamin nutrition in addition to keeping their stomach full.
2. Situation Analysis – presents relevant background data on sales, costs, the market, competitors and various forces in the macro environment
Successful companies study their competitors as closely as they do their customers. Analyzing and evaluating competition helps management decide where to compete and how to position against the competition in each market margin. The changing patterns of global competition require continuous analysis of competing forces. Business and marketing strategies need to take advantage of opportunities and to avoid threats. Market leaders and competitors cannot fulfill their executive role unless customer’s needs and desires are understood and satisfied.
Finally, I want to thank my parents and my friends whose influence and inspiration has enabled me to complete this report. At last I shall be grateful to those persons who read this report and who shall get benefit from this report at present and in future.
The aim of the creating values for the company include with improve business condition for the firm. To obtain more reliable and high qualify source of raw materials, improved government functioning and regulatory, employed skill and loyal workforce and superior quality products which successfully complete.
If you are working in a super market, what techniques/ tools you will use in data collection. How are you going to analysis the data and make inferences? How will you finally apply your market research to improve sales and win over customers?