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Business Law

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Business Law
2010 Business Law

Revision Booklet

The Business Law final exam is 3 hours with 10 minutes of reading time.

HOW TO ANSWER CASE STUDY QUESTIONS

When answering this question student’s need to follow the format of:

i) state the issue ii) state the law-this includes relevant legislation and cases iii) apply the law to the facts iv) state the conclusion

Key words used in questions:

Explain – students need to provide a definition and give reasons in their answers. ie they must try to answer the question why something happens or give details of the cause of something. An example will demonstrate understanding.

Describe- Students need to write detail about what they are being asked. This will usually include a definition and an outline of the details.
Distinguish-Define and compare two things showing that are not the same.

Advantage- Students write about the benefits or the good things

Disadvantage-Students write about the costs or the bad things.

How-Write about the way something happens.

Example-Students provide a case study or real life sample to help explain their answer.

Major concepts and definitions to know and understand:

Write a short definition and include an example if possible to show understanding

Topics 1 - 4: Law Making

Main sources of law in Australia-common law and statute law
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Civil and criminal law
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Separation of powers
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