Law of Commerce

Unit code: LAW20019
Duration: 1 Teaching Period
Contact hours: Recommended 8 hours of study per week

About this unit

The aim of this unit is to enable students to gain an understanding of the law applicable to contracts and companies that are employed in the modern business environment. In particular the primary focus is on the contracting activities and its repercussions relating to businesses and entrepreneurial activities. The operations of the Corporations Act 2001 (Cth) which regulate the activities of companies, company officers and shareholders also take significance in this unit.

Content

Topic 1: The Australian Legal System, Formation of Contract
Topic 2: Terms of Contract
Topic 3: Validity of Contract
Topic 4: Termination of a Contract and Remedies
Topic 5: Characteristics of a Company & its Constitution
Topic 6: Company’s Relations with Outsiders including Company Contracts
Topic 7: Directors’ Duties and Company Insolvent Trading
Topic 8: Members’ Remedies

This unit is found in Bachelor of Business With a Major in Accounting and Bachelor of Business With a Major in Business Administration.