Assessed research Exercise in Law of Property Case Study

Assessed research Exercise in Law of Property - Case Study Example Ann and Claire remained in the house and continued to make the mortgage payments between them. The nature of their relationship changed. In 2005 they became registered civil partners. In 2007, following the death of Ann's sister, Ann's niece, Nora, now aged 8, came to live with them. I am a trainee in the firm of solicitors consulted by Ann and Claire. My principal has asked me to research the relevant law and report to the principal on the legal principles and relevant case and statue law as to: a) What are the current legal and beneficial interests in the house, and b) On the basis that Joe and Tina have an interest in the house, whether they could enforce a sale of the house. After Brenda's untimely death in 2000, the current legal and beneficial interests in the house are Ann and Claire. Brenda's parents, Joe and Tina, now have her properties but there is no mention about the house. Do Joe and Tina have any claim on the house Joe and Tina do not pay Brenda's share of the mortgage instalments although they have reportedly expressed the view that they want the house sold obviously to recover Brenda's share in the property. The roots of the problem lies in the absence of organized thinking on the part of Ann, Claire and Brenda on the action to be followed in case they are left in a position where either one of them or all of them are unable to pay the mortgage instalments. This is just one part of the problem. The bigger problem is the lack of planning about their respective rights in the property. The women have a close relationship based on love and understanding and have given little thought to the possibility of separation or the legal consequence of one of them dying or the claims of creditors on the shared home. In order to deal with the inadequacies of the current law, there is the attempt to devise a scheme which would operate to identify and quantify the parties' beneficial interests in circumstances where no express arrangements have been made. This scheme is based on an objective assessment of the economic value of the contributions made by each party sharing the home. The contributions which would qualify are to be widely defined. The court would then be able to define and declare the parties' interests by reference to the contributions made. The scheme is not intended to give the court the discretion to adjust or to re-allocate property rights. Notwithstanding the current law's position, as joint tenants, Ann, Claire and Brenda have equal share in the house. With the death of Brenda, the survivors, Ann and Claire, take over the property (Joint Tenancy). On the basis that Joe and Tina have an interest in the house, whether they could enforce a sale of the house Besides Brenda's

Differentiating Between Market Structures Coursework

Differentiating Between Market Structures - Coursework Example In such context, fast food outlets will be the best place to grab a precooked burger and a hot beverage for the morning meal. With increasing consumption of fast food, America is experiencing substantial growth in the industry. Market statistics indicate that this industry is likely to experience a boost; hence its future prospects seem promising. Organizations in the Fast Food Industry In practical context, examples of established organizations within the fast food industry include McDonalds, Burger King and Kentucky Fried Chicken, among other companies. Within the essay, we will focus on Kentucky Fried Chicken, which features as one of the most successful business franchise in the world. Kentucky entered the industry, upon which it established itself as an icon in preparation and sale of chicken products and other fast food items. It is known for its finger licking chicken and attracts a wide range of consumers into its outlets worldwide. Currently, the organization has franchises located in different geographical regions including China and Indian markets. With current increase in fast food consumption, Kentucky Fried Chicken is repositioning itself in the global market in order to reap maximum benefits. Within the American market and beyond, Kentucky is tied with other established fast food giants like McDonalds, Wendy’s and Burger King. ... r of buyers and sellers, level of competition, prospects of market entry and range of products and services offered to consumers within a given market segment. Based on these attributes, the four basic market structures include perfect competition, oligopoly, monopolistic competition and monopoly. Kentucky Fried chicken operates its business within a perfect competition environment. Characteristics of Perfect Competition From a theoretical perspective, perfect competition is sometimes referred to as pure competition. In ideal situation, pure competition is characterized by presence of numerous sellers all offering identical products and services to potential consumers. Because all products and services offered are identical, then each seller enjoys a proportionate share of the market. According to Colander (2010), prices within such a market are not determined by a single seller. Rather, price elasticity of demand is attributed to consumer preference based on merit of product and ser vice offered by a given seller. Consequently, price of goods tend to be stable since no single seller had the economic influence to induce price dynamics. In this regard, consumers are protected from illegal pricing techniques since all sellers shall have to adhere to prevailing market regulations created by competition. In actual sense, perfect competition may not exist as ideally portrayed in theoretical constructs. However, typical characteristics of firms in practical business settings will place each organization under one of the market structures mentioned above. Marketing Structure of Kentucky Fried Chicken Kentucky Fried Chicken operates within an environment with infinite number of product sellers. Currently, there are thousands of fast food outlets across the world. Some of these