Commercial Law M

This course will provide an understanding of the Australian legal system, including: Introducing the principles of legal methodology and apply these to the areas of contract law and corporations law. The features of Australian law and its development. The operation of the Australian Constitution. The Doctrine of Precedent. Common law and statutory rules relating to the law of contract and how these apply to the concepts of offer and acceptance, intention to create legal relations, valuable consideration; the rules relating to written contracts, implied terms and exclusion clauses, illegality, mistake, misrepresentation, duress and undue influence; the principle of unconscionability; remedies for breach of contract and assessment of damages. The national system of corporation's legislation in Australia. The incorporation process; separate entity theory. Corporate liability for acts of officers; corporate contracting. Capital structure and dividends. Corporate governance. Duties of company directors, officers and controllers. Shareholders rights and remedies. External administration of companies.