State and explain the remedies available for breach of contract.

(d) Explain how Gloria would be taxed in the UK on the dividends paid by Bubble Inc and the capital gains tax

and inheritance tax implications of a future disposal of the shares. Clearly state, giving reasons, whether or

not the payment made to Eric is allowable for capital gains tax purposes. (9 marks)

You should assume that the rates and allowances for the tax year 2005/06 apply throughout this question.

(c) Explain what ‘fiduciary responsibility’ means and construct the case for broadening the football club board’s

fiduciary responsibility in this case. (7 marks)

(ii) Explain why Galileo is able to pay the inheritance tax due in instalments, state when the instalments are

due and identify any further issues relevant to Galileo relating to the payments. (3 marks)

(b) Explain how Perfect Shopper might re-structure its upstream supply chain to address the problems identified

in the scenario. (10 marks)

(b) Explain the matters that should be considered when planning the nature and scope of the examination of

Cusiter Co’s forecast balance sheet and income statement as prepared for the bank. (7 marks)

Explain why aluminium(III )is the only stable oxidation state of aluminum in this compounds,in contrast to thallium,which has states of+1 and+3.

In relation to the Contract Law of China:

(a) explain the term ‘liquidated damages’, and state the legal nature of them; (2 marks)

(b) state the rules relating to the award of liquidated damages; (6 marks)

(c) state the rule relating to the award of liquidated damages for delay in performing the contractual obligation. (2 marks)

In relation to the Companies Act 2006:

(a) state, and explain the purpose of, the various registers that have to be kept by a company; (4 marks)

(b) describe what accounting records will have to be produced and maintained by a company. (6 marks)

A、identify the argument to be refuted

B、state your response to their argument

C、explain the details of your refutation

D、explain the importance of your refutation