Business and Corporate Law Report: Case Studies and Analysis

This report provides a comprehensive analysis of business and corporate law, focusing on key aspects such as contract law and corporation law. Part A examines a case involving a breach of contract, misrepresentation, and the legal rights of the Australian Museum of Antiquities, discussing the implications of the case Carlill v Carbolic Smoke Ball Co. Part B delves into corporation law, analyzing the liabilities of promoters and the implications of forming a new business, and who is liable for pre-incorporation contracts. The report uses case studies to illustrate legal principles and concludes with a summary of the importance of adhering to legal requirements in business and corporate settings. It also provides relevant references to books, journals, and online resources.

Business And
Corporate Law

Table of Content
 Introduction
 Part A
 Part B
 Conclusion
 References

INTRODUCTION
Business and Corporation Law is
one of the most important law
which simply explains that
how any of the business
organisation is required to
follow the legal language.

PART A: Contract Law
– Case Scenario
The case has taken place between Lance Lincoln who is the curator of
Australian Museum of Antiquities. He had entered into the contract with one
of the person who represent him as a Trevor Hunt. He was given $200,000
for the purpose of finding out treasure trove which will allow them to display
it in the museum. It was found that Trevor Hunt went into missing and after
having a search it was assumed that he had died at sea which perform his part
of work.

Issue
Looking at the given scenario of the case, it can be assumed that default
was performed by the Conman but, it is needed by find that what are
the legal rights as per Common and Statutory law is given to
Australian Museum of Antiquities. Here, they are not willing to file
any of the criminal charges because they are just willing to recover
their damages from the person who represented him as a Trevor Hunt.

Rules
It is very crucial to understand that whenever any of the party try to show
willingness to enter into the contract they must follow the proper rules
and regulations and if in any of the situation they fails to do so they
legal actions can be taken easily. But, the main which is to be focused
is that breaching the terms and condition is not allowed in any of the
circumstances. As per Australian Contract law all of the promises are
not enforceable but only those promises will be valid where where
promises are made as per the legal binding terms.

Continue
Misrepresentation: It is one of
the way through which party
tries to enter into the contract.
This types of activity is
mainly performed for the
purpose of personal benefit.

Application
From the above case, it was found that breach and misrepresentation has
been done by the side of Trevor Hunt because firstly he represented
his false identity. Carlill v Carbolic Smoke Ball Co [1893] 1 QB 256
was one of the landmark case which explains that Carbolic Smoke
Ball Co. had breach the terms and condition of the contract and it will
be their liability to pay of the damages to Carlill. In the similar form it
was the duty of Conman to perform his part of work to find out the
treasure for the museum but he was not willing to perform their part
of work.

Conclusion
From the discussion made in application, it is understand that by
charging the civil charges against Conman, it will allow the team
to recover the damages from which Australian Museum of
Antiquities has to suffer. It will be his liability that how he will
pay of the damages because in any of the situation false
statement is not allowed to be made within the contract.

References
Books & Journals
Goldberger, J., 2016. An overview of developments in key areas of Australian
contract law. Commercial Law Quarterly: The Journal of the
Commercial Law Association of Australia. 30(1). p.17.
Close, N., 2016. Coherence-based reasoning in Australian contract law
adjudication with broad principles and detailed rules (Doctoral
dissertation, University of Newcastle).
Online
CONTRACTING WITH ROGUES. 2018. [Online]. Available Through: <
http://classic.austlii.edu.au/au/journals/AdelLawRw/1964/1.pdf>

PART B: Corporation
Law
Case Scenario
The case had taken Kellie & friends and the parties to whom they had
involved for completing and commencing the business activity. Here,
Kellie had though to start the new business where she gathered number
of friends who will contribute $10,000 each to start the work. As they
had planned to work, according to the given circumstances Kellie had
given number of orders and started to work on necessary documents so
that proposed company can be setup and official work can be started.

Issue
There are mainly two different issues in this file, the first one is that
who will be the liable for different amount that Kellie has
contracted on behalf of the company which was to be formed.
The second issues in this case is that as company will not be
registered due to which it will be necessary to find out that who
will be liable for the contract which has been made on behalf of
the company.