Business Law: Exclusive, Concurrent and Residual Power, Valid Contracts with Infants or Minors, Contra Proferentem Rule, Breach of Contract

BUSINESS LAW

TABLE OF CONTENTS
MAIN BODY..................................................................................................................................3
WEEK 1...........................................................................................................................................3
Exclusive, concurrent and residual power...................................................................................3
WEEK 2...........................................................................................................................................3
(a).................................................................................................................................................3
(b).................................................................................................................................................4
WEEK 3...........................................................................................................................................4
Contracts with infants or minors..................................................................................................4
WEEK 4...........................................................................................................................................5
Contra Proferentem Rule.............................................................................................................5
WEEK 5...........................................................................................................................................6
Breach of Contract.......................................................................................................................6
REFERENCES................................................................................................................................8

MAIN BODY
WEEK 1
Exclusive, concurrent and residual power
The constitution of Australia has given the power related to the division of power to the
Commonwealth parliament. These can be categorised as:
 The exclusive power here is related to the power that is given solely to the Commonwealth
where they can make and implement laws but the states cannot (Steytler, 2017). The major
areas of concern are included in this power where the decision making lies in the hand of a
select few individuals. For example, the decision regarding the immigration rules or
regarding defence polices etc. are taken by the Commonwealth of Australia who has these
powers inherent in their organisation.
 Concurrent Powers: Concurrent Powers are the powers that the state shares with the
Commonwealth where they can collectively take decisions. This kind of power is given
because the legislation requires collaboration between the state and the Commonwealth thus
formulating some areas of common governance (Dziedzic and Saunders, 2017). For
example, the law related to the bankruptcy, or divorce and marriage etc. are governed by
both of them and if a decision taken by state is in contradiction to the one taken by
Commonwealth, then the decision of Commonwealth will prevail.
 Residual Powers: These kinds of powers are not evident in the constitution of Australia but
were given to certain colonies and federations who wanted to retain some of the decision
making powers in their hands (Balboni, 2019). The powers regulate the education field and
the criminal or health related field. For example, in Victoria, VCE is situated exactly
opposite to HSC.
WEEK 2
(a)
It can be evidently said that a valid contract exists in such scenario where the vending
machines and the sign that has been displayed in the machine shows that the machine is owned
by XYZ Vendsolutions Pty Ltd. Vending machine is an invitation or offer of contract and
whenever the person inserts a coin, they show their acceptance for that particular offer that is
being made (Eldridge, 2019). The exchange of something of value takes place where the vending
machine offers the item that the purchaser wishes to buy and the purchaser in turn has to first
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