Australian Consumer Law and Fair Trading

Running head: BUSINESS LAW ASSIGNMENT
Business Law Assignment
Name of the Student:
Name of the University:
Authors Note:

BUSINESS LAW ASSIGNMENT
1
Contents
Introduction:....................................................................................................................................2
Issue:................................................................................................................................................2
Rules:...............................................................................................................................................2
Application:.....................................................................................................................................4
Conclusion:......................................................................................................................................6
References:......................................................................................................................................7

BUSINESS LAW ASSIGNMENT
2
Introduction:
It is important to have complete knowledge about the legal system in a country that governs
binding agreements referred to as contracts between different parties. The parties to a contract
will be better equipped to deal with contracts both at the time of formation and in case of
disputes. The Australian Contract and Consumer Law govern both formation as well disputes
related to contracts in the country. The Competition and Consumer Act 2010 is the premier
legislation that governs all matters related to contracts between parties in the country. As per the
Australian Contract Law a contract is a binding agreement between two or more parties which
both parties entering with their full knowledge knowing that the contract is legally enforceable in
a court of law.
In this document a detailed explanation shall be provided on the terms and conditions of the
contract between Commercial Malls Pty Ltd (CM) and Gourmando’s Delight (GD) to discuss the
breach of contract if any on the part of any of the parties or both of the parties to the contract.
The discussion shall be made using IRAC format.
Issue:
The issue is to determine which party has committed breach of contract in the legally enforceable
binding agreement between CM and GD. However, there could be a situation where both or none
of the parties may have committed any breach to the contract and in that case the same shall be
disclosed with proper facts.
Rules:
Halsbury’s Laws of Australia and Competition and Consumer Act 2010 are the premier
legislations in Australia governing all matters related to contracts between different parties in the