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Subject Name – Commercial Law M

Subject Code – COML5009

University Name – University of South Australia

Commercial Law M COML500 Online exam help by experts.

Commercial Law M COML5009 is a professional subject that aims to provide students with a brief understanding and knowledge of the Australian Legal System. The course mainly focuses on introducing students to principles of legal methodology and learning how to apply these in the field of Contract Law and Corporate Law.

The subject Commercial Law M COML5009), includes a wide realm of critical topics like – Features of Australian Law and its development, the operation of the Australian Constitution,  Common law, and statutory rules relating to the law of contract and how these apply to the concepts of offer and acceptance, intention to create legal relations, valuable consideration; the rules relating to written contracts, implied terms and exclusion clauses, illegality, mistake, misrepresentation, duress, and undue influence; the principle of unconscionability; remedies for breach of contract and assessment of damages. The national system of corporation legislation in Australia. The incorporation process; separate entity theory. Corporate liability for acts of officers; corporate contracting. Capital structure and dividends. Corporate governance. Duties of company directors, officers, and controllers. Shareholders’ rights and remedies. External administration of companies, and many more. 

Brief Understanding of Commercial Law

If you are a beginner and just started with your course, you might be wondering what exactly is Commercial Law. 

Commercial law is a body of law that governs the actions of individuals, merchants, and businesses involved in trade, sales, and commerce. It is a large area of law that interacts with many other areas of law, such as environmental regulation, real estate, and food/safety rules. It is also known as business law.

Branches of Commercial Law

As we stated above, Commercial Law is a broad subject that has several other branches, that are –

Contract Law

Contract Law aims to regulate contract information and enforcement. It outlines the essentials of a valid contract as well as the remedies accessible to parties in the event of a breach of contract.

Property Law

Property Law regulates the sale and purchase of several forms of property. Although it primarily deals with the sale, transfer, lease, and rental of immovable property, it also includes the bailment of moveable property within its scope.

Business Regulations

This type of law governs the government rules and regulations for businesses, factories, and trade unions.

Corporate Law

The establishment, management, and termination of corporations are all covered by corporate law. It contains legal provisions for matters such as director elections, capital raising, insider trading prevention, dividend distribution, share redemption, and mergers and acquisitions.

Tax Law

The government’s collection of direct and indirect taxes on business transactions is governed by tax law.

The primary type of taxes includes sales tax, income tax, capital gains, and profit distribution taxes. 

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Commercial Law M is a vast subject with numerous subsidiary laws and chapters. 

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