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CONCISE AUSTRALIAN COMMERCIAL LAW
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Thomson Reuters (Professional) Australia Limited 19 Harris Street Pyrmont NSW 2009 Tel: (02) 8587 7000 care.ANZ.thomsonreuters.com http://legal.thomsonreuters.com.au/ For all customer inquiries please ring 1300 304 195 (for calls within Australia only)
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Concise Australian Commercial Law
CLIVE TURNER LLB (B’ham), PhD (ANU) Honorary Associate Professor of Law University of Queensland
JOHN TRONE BA, LLB, PhD (UQ) Research Fellow Curtin Law School Curtin University
ROGER GAMBLE LLB (Melb), LLM (Mon), Dip Ed (Rus) Senior Lecturer in Law in the Department of Business Law and Taxation Monash Business School, Monash University
FIFTH EDITION
LAWBOOK CO. 2019
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Published in Sydney by Thomson Reuters (Professional) Australia Limited ABN 64 058 914 668 19 Harris Street, Pyrmont, NSW 2009 ISBN: 9780455241418
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PREFACE The fifth edition of Concise Australian Commercial Law, like its predecessors, has two basic objectives: first, to provide students with a general understanding of the legal environment of business and to expose them to the language and perspectives of legal professionals, regulators and others with whom they will increasingly be required to interact; and second, to cover the main commercial law topics in a way that is clear and accessible but in sufficient depth to challenge non-law students, many of whom will be studying law for the first time and may be doing so with a heavy heart. In the first chapter, we introduce students to the meaning and functions of law and provide a broad overview of the Australian legal system focusing on the sources of law and how laws are made. Thereafter, we examine the most important substantive commercial law topics beginning with the basic building block of commercial life