Equity: Law and Marks Application Question Essay

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| | | Faculty of Creative Industries & Business Department of Accounting & FinanceBachelor of Business |
ACTY 5320 Law of Business Obligations
Assignment Two 15% of Course Mark

| | Semester: | Semester One 2013 | Date issued: | 14 March 2013 | Due date and time: | 5:30pm Thursday 4 April 2013 | Delivery: | Post paper copy in the assignment box on Level 2, Building 172.Submit an electronic copy to Turnitin.com. Failure to do this may result in a zero mark. | Total marks: | 15 marks | Weighting: | 15% of course | Instructions: | Answer all three questions. Up to 1 mark will be deducted for each of the following: * poor spelling/grammar and inadequate referencing in question 1 * inadequate ILAC structure in Questions 2 * inadequate ILAC structure in Questions 3. Complete this cover sheet and attach it to your assignment. This is an individual assignment and must be your own work. Collusion, copying or plagiarism may result in disciplinary action. We advise that you keep a copy of this assignment. No plastic covers please – simply staple in top left corner. This assignment is also to be submitted to Turnitin – See instructions next page. | Student Name: | (Please underline family name) | Student ID No: | | | Patricia Finlayson Jill Jones | Class time:(Please circle your class time) | 10:30am Tuesday & 10:30am Thursday Or5:30pm Thursday | Student declaration: | I confirm that: This is an original assessment and is entirely my own work. Where I have used ideas, tables, diagrams etc of other writers,
I have acknowledged the source in every case. This assignment has not previously been submitted as assessed work for any academic course. | Signature of student | | Date | | Turnitin Submission instructions
Do not include the coversheet or questions in your electronic copy
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Question 1 6.0 Marks Essay Question (Not more than 1,000 words)
Write an essay explaining the reasons for the development of the branch of law known as equity. You must use your own words and cite references in APA style.

The following are useful resources to start your research for Question 1, but you will need to extend your reading beyond these:

* Gerbic, P., Miller,L. (2010). Understanding Commercial Law (7th ed.). Wellington: LexisNexis (Text book)

The following books are in the Course Reserve collection in the library under Patricia Finlayson’s name and the course name and number. These books are available for three hours and possible extension if not requested by another student.

* Hubbard, J., Thomas, C., & Varnham, S. (2010). Principles of Law for New Zealand Business Students. (4th ed.). Auckland: Pearson. (Past Text book) * Webb, D., Sanders, K., & Scott, P. (2010). The New Zealand Legal System. (5th ed.). Wellington: LexisNexis * Mulholland, R.D. (2001). Introduction to the New Zealand Legal System (10th ed.). Wellington: Butterworths.

When searching within a document use control F and key words to assist you in finding information quickly.

Ask the librarians for assistance in searching for material if you have difficulties and Te Puna Ako staff can assist you with referencing and writing style.

Question 2 6.0 Marks Application Question (ILAC)
Scenario

Murdock Cruises is a business which…