THE ROLE OF LAW IN BUSINESS Key learning outcomes from Lecture 1: • The legal effect of English settlement in 1788 • How laws are classified • The different meanings of the terms “common law” and

THE ROLE OF LAW IN BUSINESS Key learning outcomes from Lecture 1: • The legal effect of English settlement in 1788 • How laws are classified • The different meanings of the terms “common law” and

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THE ROLE OF LAW IN BUSINESS

Key learning outcomes from Lecture 1:

 The legal effect of English settlement in 1788

 How laws are classified

 The different meanings of the terms “common law” and “civil law”

 What happens if there is a conflict between common law and statute law

 What is a 'federal” system of government and how this operates in Australia

 The doctrine of “separation of powers” and division of power under the Commonwealth Constitution

 How a law is made through the Australian Parliament

Tutorial Questions

1. How does law regulate business conduct?

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