Reflective Report , Business Law, Liability Partnership Act
This business law assignment required that, in a group of 3 or more, we carry out a research on a topic in business law and prepare a PowerPoint presentation that we would later present. We had a maximum of 4 weeks to do the research and prepare the presentation. Initially, we were 4 members in our group, but in week 2, one group member pulled out leaving 3 of us to compslete the assignment. This was a drawback to the progress of the presentation assignment since at the time he pulled out, we had already subdivided tasks. I was tasked with researching and preparing a presentation on the advantages and disadvantaged of Limited Liability Partnerships. Despite the initial hiccup, we were able to complete the assignment by week 3 and as such we had ample time to compile everything, rehearse, make corrections and managed to make a confident presentation in week 4.
This reflective report briefly outlines the Limited Liability Partnership Act 2000, and the Partnership Act 1890, that we discussed in our presentation and reflects on our experience with regards to the preparation of the assignment in a group. It looks at the challenges we encountered in the group, the strengths we had as a group and our experience during the oral presentation. Finally, it outlines the lessons learned from both working in a group/team and carrying out oral presentation.
[...] This ensured that there was no tension or conflicts which could have slowed down our progress. In addition, we all complemented each other, every member contributed something to the group and as such it was easy for us to solve problems and make decisions regarding what to do and when. Group synergy was especially essential during group meetings,the assignment compilation, corrections, assessments and the rehearsal stages. Another strength that led to the success of this assignment was the IT skills possessed by all of us. [...]
[...] et al Business law 6th ed., Oxon: Routledge. Legislation.gov.uk, Limited Liability Partnerships Act 2000. legislation.gov.uk. Available at: http://www.legislation.gov.uk/ukpga/2000/12/notes/division/5/1/1 [Accessed January 11, 2013]. legislation.gov.uk, Partnership Act 1890. legislation.gov.uk. Available at: http://www.legislation.gov.uk/ukpga/Vict/53-54/39/contents [Accessed January 11, 2013]. Statham, D Limited liability partnerships. Structural Survey, 20(5). [...]
[...] We exuded anxiety and nervousness, and failed to be time conscious. In order to overcome the above weaknesses, it is important that more practice is put in and some research with regards to preparation of a presentation and actual oral presentation, specifically, communication with the audience. From this assignment, I have learnt that, teamwork is very imperative when it gets to achieving cluster or team goals. As far as oral presentation is concerned, I have learned that, it is important to exude confidence during presentation, especially ensuring eye contact with one's audience. [...]
[...] A brief outline of the Partnership Act 1890 The Act defines a partnership as relation that exists between persons that are in a business to make profits. According to this act, the relationship between members of any association or company that has been registered under the Companies Act 1862 or any other Act of Parliament, incorporated or formed in pursuance of any Royal Charter, patents or Act of Parliament, is not a partnership(legislation.gov.uk n.d.). On the basis of the meaning depicted by the Partnership Act 1890, a partnership is deemed to exist if profits made form use of what is jointly owned, or what common or joint interests exists are shared. [...]
[...] However, through an agreement to discharge from liabilities between a retiring partner and the other partners, a retiring partner can cease to be liable for any existing liabilities-obligations, debts and/or actions. It is worth noting that, this agreement may be either inferred or express. The strengths and weaknesses of the group Strengths One important attribute-strength- that led to the success of this group is communication. The fact that different group members were tasked with handling different but related tasks of this assignment required that members be able to communicate and consult now and again. [...]
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