Business Law Applicable in Irish Jurisdiction

Business Law Applicable in Irish Jurisdiction

Part 1
Assignment Introduction
The purpose of this assignment is to test the learner’s knowledge and application of the
different company business models available to persons setting up a business in the Irish
jurisdiction. In particular, the learner will be required to demonstrate a clear understanding of
the legal rules applicable to and the advantages / disadvantages of LTD companies in Ireland
and to advise on the importance of the role played by directors. The learner will be required to
complete a written assignment (in the form of a briefing document).
Assignment Task
You are required to write a paper on the following:
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 of 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 LTD companies and his/her
responsibilities as a director.
You have been asked to prepare a written briefing document advising your friend on the
legal rules applicable to a company. In your briefing document you should outline the
legal rules applicable to LTD companies and his/her responsibilities as a director, making
reference to the relevant legislation and/or case law, where appropriate.

Part 2
Assignment Introduction
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,
elements and terms of contracts.
Assignment Task
You are required to write a paper on the following:
The essential elements of a contract are 1). Agreement (offer & acceptance) 2).
Consideration 3). Intention to create legal relations and 4). The certainty of terms of a
contract.
Using case law to support your answer, discuss:
(a) What a contract is; and
(b) Intention to create legal relations (No. 3 above); and
(c) The certainty of terms of a contract (No. 4 above).
A detailed discussion of Agreement (offer and acceptance) (No. 1 above) and
Consideration (No. 2 above) is NOT REQUIRED.