Question: Discuss about the Consideration and Benefit Fact and in Law. Answer: Introduction: Contracts are the lifeblood of modern commercial transactions and an essential while exchanging promises by two given parties. This is because through legally enforceable contract, it is possible to ensure that the concerned parties tend to comply with their respective promise. For the formation of a legal contract, there are a host ...Read More >>
Question: Discuss about the Consideration Adequate or Commercially Realistic. Answer: Introduction In Australia, to make any valid contract, the basic ingredients that are required are agreement (offer plus acceptance), consideration, legal intention and capacity of the parties. Though all elements are very important but amongst all consideration is one of the significant elements which are required in any contract formation...Read More >>
Question: Discuss about the Business Law and Ethics for Carelessness. Answer: In regular use, the term “carelessness” signifies the lack of regard. In lawful sense it means that, one does not have the ability to work out the caring standard which a sensible man is expected to have in the current situation. Over all, there is a legitimate obligation to take into consideration when there is a prediction that the inabil...Read More >>
Question: Discuss About The Australian Securities Investment Commission? Answer: Introducation The case of ASIC v Lindberg  VSC 332; 91 ACSR 640 is related to the breach of directors duties and the defendant director being negligent towards the operations of the organization. In this case the plaintiff was the Australian Securities and Investment Commission was the plaintiff and Mr Lindberg the Managing director of AWB LIM...Read More >>
Question: Discuss About The Regime Statutory Implied Terms Transactions? Answer: Introducation In last few years, Court recognized the concept of entering into contract through e-mails and validity of the E-mail contracts. There are number of cases related to E-mail contracts which are decided by the Court such as Vantage Systems Pty Ltd v Priolo Corporation Pty Ltd and Stellard Pty Ltd v North Queensland Fuel Pty Ltd. Both t...Read More >>
Questions: 1.Lianne, a wealthy property developer, wants to treat her friends by hosting and paying for a mid-year party on 30 July. She wishes to outsource the party arrangements to a professional organiser and searches the internet for one. 2.The business advertiser needs to be careful about statements made in its advertisements given that they are subject to legal rules developed by the courts as well as by parliament ( through legis...Read More >>
Answer: Answer 1(a) Issue Whether the contract formed between Vincenzo Franco and Scenic view can be invalidated with respect to the rules of contract law. Rule There are three essential elements which are required to form a contract. These are offer and acceptance, consideration and intention. On the other hand a valid contract can be identified based on factors such as legality, capacity, genuine consent – duress, mistake, misrepre...Read More >>
Answer: The doctrine of Separation of Powers: It is a doctrine which is inserted in the constitution of Australia where the powers are divided into three branches of the government that is executive, legislative and judicial. The doctrine has provided separate powers to each and every branch of the government and each branch have its own powers which cannot be exercised by the other department or branches. The doctrine of separation ...Read More >>
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