BTC1110 Study Guide - Final Guide: Problem Set, Trading While Insolvent, Natural Person

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Btw2220 answering company/trusts/business law problems : irac" method. A logical way to demonstrate your understanding or business law principles in answering problem style questions is to use the irac method". Rule explain the relevant legal rule, using relevant cases and/or legislation. R: the legal principles/criteria/rules in your words to show your understanding of them. Application apply the law to the facts of the problem stating how the facts do or do not satisfy the legal tests/criteria and comparing/contrasting the facts of your problem to the fact *(and outcomes) of relevant cases. C issue to repeat the process. issue, rule , application, conclusion, issue rule, application, conclusion, i r a c etc etc. Conclusion: draw a conclusion (your opinion) on that issue , then move to the next. What does the irac method look like in an full answer well this is something you are expected to have mastered in the prerequisite units.

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