Examine the foundations of Australian company law

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Reference no: EM132553063

HI6027 Business and Corporate Law Assignment - Tutorial Questions, Holmes Institute, Australia

Purpose - This assignment is designed to assess your level of knowledge of the key topics covered in this unit.

Unit Learning Outcomes Assessed -

1. Critically examine the main features of the Australian legal system;

2. Critically examine the foundations of Australian company law;

3. Critically discuss and apply contract and tort law in business circumstances;

4. Critically analyse the concept of corporate internal rules and management;

5. Critically discuss and apply the legal framework that regulates a company's dealings with outsiders;

6. Analyse the interaction between members' rights, directors' duties and corporate governance;

7. Analyse the procedures regarding external administration and winding up.

The questions to be answered are:

Q1. You are in the train station waiting for your train to arrive. You see a vending machine from where you can buy snacks and chips for $3.50. Posted on the machine is a sign saying: "Property of XYZ Vendsolutions Pty Ltd". You insert the coins required into the machine and out comes a packet of chips. However, when you open the packet of chips, you find bits of plastic inside and you don't want to eat the chips. You want your money back.

Required: With reference to the essential elements for the formation of a contract, explain:

a) Did you enter into a contract in this scenario?

b) If your answer is yes, with whom did you enter a contract?

Q2. What are the common law rules regarding contracts entered into by infants, and when are such contracts valid, voidable or void?

Q3. Explain the operation of the contra proferentem rule. Is such a rule defensible in today's business environment?

Reference no: EM132553063

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