Contract Law Assignment: Australian Contract Law

Added on - 06 Jun 2020

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Australian ContractLaw Critical casecomment
Table of ContentsINTRODUCTION...........................................................................................................................1CASE COMMENT..........................................................................................................................11.1 Case Citation.........................................................................................................................11.2 Brief Summary of Facts:.......................................................................................................11.3 Procedural history of a case..................................................................................................21.4 Brief summary of the ratio decidendi....................................................................................21.5 Critique..................................................................................................................................3CONCLUSION................................................................................................................................5REFERNCES...................................................................................................................................1
INTRODUCTIONIn this present world era, law is considered as an important part of legal functioning of acountry. Law can be defined as a mechanism or system of rules and regulations which areframed with a perspective to ensure effective regulation of behaviour of a community. Eachcountry has its own laws and regulations1. There are significant parts of law, which can bedefined as company law, contract law business law etc. In this present report, various aspects ofContract act will be demonstrated. Also, critique case in respect of a decided case law will begiven effect, in this present assignment. In addition to this, brief citation of facts and itsprocedural history, as well as summary of Ratio decidendi will also be elaborated, in this report.CASE COMMENT1.1 Case CitationWith reference to the given case scenario ofCon-Stan Industries of Australia Pty Ltdv Norwich Winterthur Insurance (Australia) Ltd (1986) 160 CLR 226,it can be consideredas a landmark case in respect of implication and application of Contract law and legislations.Basic Facts:Con Stan industries is a company, registered in Australia, known as Con Stan Industriesof Australia Pty Ltd, has engaged a company, namely Norwich, which is an insurance broker, fora purpose to select insurance for different types of risks. Latter company agreed to insure formerbusiness organization. So, there are many issues which have been arisen in between these twoparties, in regard to payment of money.1.2 Brief Summary of Facts:Various facts have been summarised in relation to this case, which are elaborated as:Con-Stan Industries of Australia Pty Ltd hired a company namely Norwich Winterthur(AUST) Ltd, as an insurance broker. The main objective of engagement of Norwichcompany is to ensure former company for an objective of selection of insurance forvarious risks. In addition to this, Norwich agreed to do insurance on behalf of Con-Stan.1Cindawati, C., 2016. The Development Standard Agreement Influences on National andInternational Business Practices.Hasanuddin Law Review.2(3). pp.362-370.1
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