Thư viện tài liệu, ebook tham khảo dành cho học sinh, sinh viên

Indemnity principle: Insurer agrees to indemnify the insured for loss on the happening of a particular event. (Fixed payouts are not included.)

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Lease: An interest in land given by a landlord to a tenant, for a fixed period of time, granting exclusive possession. eg. lease of shop, house Licence: A contractual right (unable to be revoked) to do something on land that would otherwise be illegal. e.g. 4sell alcohol 4manufacture a product under patent

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Ticket Cases Test: Is exemption clause a term of the contract? (Reasonable Person Test) - Receipt (No exemption) - Document with contractual terms (exemption). Notice of clause before or at time contract is made. Non-Ticket Cases Exemption clause is a term of the contract. Notice of clause before or at time contract is made.

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Voidable contract if: (a) One party did not understand what they were doing because of the condition, and (b) the other party in the contract knew of the condition. Voidable at the option of (a)

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Intention to create a legal relationship Offer and acceptance Form and/or consideration Capacity of parties Reality of consent Legality of object

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Transferred into or out of Australia electronically telegraphically Requires reporting

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Holder: Person in possession of a bill “to bearer” wPayee or wEndorsee. Holder for value: Person in possession of bill for which value has been given. Holder in due course: Person in possession of bill - that is complete and regular - taken in good faith and for value - no notice of any defect of transferor - no notice of previous dishono...

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Sole Trader - Dependent on level of profits. Large profits will result in high taxation, as income only attributable to one person. Partnership - Profits of partnership are shared as agreed. Taxed in the hands of the partners. Joint venture - Income received separately Company - Special company tax rates. Can be distributed to access tax advanta...

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Intentional (continued) Torts against land trespass against land public nuisance private nuisance Tort of defamation

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Serious matters are heard by higher courts with more experienced judges. Ensures doctrine of precedent can operate through appellate jurisdiction. Allows appeals against decisions on the basis of mistakes of law. Allows for specialisation.

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