This assignment comprises two parts, addressing key concepts in Australian business and corporate law. Part A focuses on contract law, specifically analyzing an advertisement's capacity to form a contract, the concept of an offer and invitation to treat, and the rights of customers in relation to a promotional offer for haircuts. It examines the legal principles of offer, acceptance, consideration, and revocation, referencing landmark cases like Carlill v Carbolic Smoke Ball Co. Part B delves into company law, exploring different company types in Australia, with a focus on proprietary companies. It assesses the suitability of a proprietary company for a family-owned business, considering factors such as liability and ease of operation. The assignment also covers the conversion of a proprietary company into a public company, relevant legislation (Corporations Act 2001), and restrictions on company names imposed by ASIC.
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