Pre-requisite: 51005
In the introductory law unit students were exposed to basic principles of legal liability. In this unit the study of those principles is extended and applied in the context of responsibilities of business to consumers. This unit examines statutory and judge made laws affording consumer protection, such as legislation on false and misleading conduct and judicial decisions on unconscionability. Also canvassed are aspects of property law relevant to individuals and small business, such as the classification of property, ownership, residential and commercial leases and transfers of title. This leads into a discussion of insurable interests and managing business liabilities through insurance generally. Aspects of business obligations under the Consumer Credit (Queensland) Act are then considered. Finally, account is taken of the procedures available for debt recovery and consumer bankruptcy.