LAW20019: 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.


  • 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.