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LAW60003 Corporations And Contract Law 3

tag 0 Download 11 Pages / 2,601 Words tag 09-01-2020

Question:

1.“Frequently the courts have been requested to look behind the corporate veil [of companies] …where to all outward appearances they seem to operate as a single entity. The Australian courts…have been reluctant to depart from the separate entity where there is no legislation requiring them to do so.” [Lipton & Herzberg, Understanding Company Law, 12th Ed, 2004, Thomson]

2.The idea that a contract may be terminated for breach of condition is an important one because even a “minor” breach of such a term will justify termination of the whole contract. Discuss whether this statement accurately reflects the position in Australian contract law?

 
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