| Description | This unit of study is concerned with the fundamental elements of business law. It commences with an overview of the Australian legal system (sources of law, parliament, courts, statutory interpretation, doctrine of precedent), including an examination of those provisions in the Commonwealth Constitution relevant to business and commercial activities. The unit continues with a detailed study of those aspects of the law of contract that underlie all commercial transactions and are the essence of commercial law (formation of contract, terms of a contract, factors affecting the validity and enforcement of contracts, termination, remedies for breach of contract). Some aspects of the law of agency, criminal law and the law of torts (in particular, negligence and negligent misstatement) are introduced. The unit concludes with an examination of some of the key provisions of the Trade Practices Act 1974 (Cth) including those relating to misleading and deceptive conduct and manufacturers' liability. |
