Scenario
Clean Ltd was established some five years ago to manufacture industrial solvents and cleaning solutions, and Des was appointed managing director. The company’s main contract was with Dank plc a large industrial conglomerate. In the course of its research activity, Clean Ltd’s scientists developed a new super glue. Des was very keen to pursue the manufacture of the glue but the board of directors overruled him and decided that the company should stick to its core business. The managing director of Dank plc is a friend of Des’s and has told him that Dank plc will not be renewing its contract with Clean Ltd as he is not happy with its performance. He also told Des that he would be happy to continue to deal with him, if only he was not linked to Clean Ltd. Following that discussion Des resigned from his position as managing director of Clean Ltd and set up his own company, Flush Ltd which later entered into a contract with Dank plc to replace Clean Ltd. Flush Ltd also manufactures the new glue discovered by Clean Ltd’s scientists, which has proved to be very profitable.
Required:
a) In relation to a company’s memorandum of association, briefly explain the following: (1) the registered office clause; (2) the object clause; (3) the name clause.
b) In the context of company law, advise the board of Clean Ltd as to whether they can take any action against Des or Flush Ltd.
Special Instructions
Your presentation should be divided clearly into Part one and two.research and presentation of the findings via a Power Point Presentation.
Guidelines: Format: Power Point Presentation slides (15-20 slides)
Essential Source
Adams A (2012) Law for Business Students Seventh Ed., Pearson
Other Texts:
• Abbott K; Pendlebury N and Wardman K (2013) Business Law 9th Ed. Cengage Learning
• McKendrick E (2012) Contract Law Text, Cases, and Materials, 5th Edition, Oxford University Press.
it should be in bullet points
and the cases should relate with the text and in the conclusion whatever you write should relate it to cases. ( minimum 15 cases )
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