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Commercial law PDF

930 Pages·2016·4.596 MB·English
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Commercial Law Fourth edition Samantha J Traves LLB (Hons) LLM (QUT) Solicitor, Queensland Academic Member Queensland Law Reform Commission Member Queensland Civil and Administrative Tribunal LexisNexis Butterworths Australia 2016 LexisNexis AUSTRALIA LexisNexis Butterworths 475–495 Victoria Avenue, Chatswood NSW 2067 On the internet at: www.lexisnexis.com.au ARGENTINA LexisNexis Argentina, BUENOS AIRES AUSTRIA LexisNexis Verlag ARD Orac GmbH & Co KG, VIENNA BRAZIL LexisNexis Latin America, SAO PAULO CANADA LexisNexis Canada, Markham, ONTARIO CHILE LexisNexis Chile, SANTIAGO CHINA LexisNexis China, BEIJING, SHANGHAI CZECH REPUBLIC Nakladatelství Orac sro, PRAGUE FRANCE LexisNexis SA, PARIS GERMANY LexisNexis Germany, FRANKFURT HONG KONG LexisNexis Hong Kong, HONG KONG HUNGARY HVG-Orac, BUDAPEST INDIA LexisNexis, NEW DELHI ITALY Dott A Giuffrè Editore SpA, MILAN JAPAN LexisNexis Japan KK, TOKYO KOREA LexisNexis, SEOUL MALAYSIA Malayan Law Journal Sdn Bhd, SELANGOR DURAL EHSAN NEW ZEALAND LexisNexis, WELLINGTON POLAND Wydawnictwo Prawnicze LexisNexis, WARSAW SINGAPORE LexisNexis, SINGAPORE SOUTH AFRICA LexisNexis Butterworths, DURBAN SWITZERLAND Staempfli Verlag AG, BERNE TAIWAN LexisNexis, TAIWAN UNITED KINGDOM LexisNexis UK, LONDON, EDINBURGH USA LexisNexis Group, New York, NEW YORK LexisNexis, Miamisburg, OHIO National Library of Australia Cataloguing-in-Publication entry Author: Traves, Samantha J. Title: Commercial law. Edition: 4th edition. ISBN: 9780409343045 (pbk). ISBN: 9780409343052 (ebk). Notes: Includes index. Subjects: Commercial law — Australia. Dewey Number: 346.9407. © 2016 Reed International Books Australia Pty Limited trading as LexisNexis. First edition, 2006; Second edition, 2009; Third edition, 2014. This book is copyright. Except as permitted under the Copyright Act 1968 (Cth), no part of this publication may be reproduced by any process, electronic or otherwise, without the specific written permission of the copyright owner. Neither may information be stored electronically in any form whatsoever without such permission. Inquiries should be addressed to the publishers. Typeset in ITC Franklin Gothic Std and Baskerville. Printed in China. Visit LexisNexis Butterworths at www.lexisnexis.com.au Preface The practice of commercial law nowadays requires an ever-broadening appreciation of relevant principles and statutes. In the 19th century, the area demanded an appreciation of the laws of agency and personal property and the Sale of Goods Act. In the modern day, it requires also an appreciation of consumer protection legislation, a statutory scheme of securities in chattels, insurance contracts law and e-commerce. The aim of this edition, as it was for the previous ones, is to describe in a concise and readily understood manner those concepts fundamental to commercial law, important applications of those concepts and other discrete areas of law relevant to modern commerce. This edition contains references to recent case and statute law and, reflecting further statutory enactments in the area, includes chapters on the Australian Consumer Law and personal property securities legislation. I trust that the book serves as a useful resource for practitioners and students of the law. I would like to record my thanks to Ms Anita Galeazzi for her valuable research assistance and to Ms India Lopez for her professional editorial assistance. I dedicate this edition of the book to my late father, Associate Professor Peter WH Woodruff AM, and to my mother, Maria, whose selflessness and indomitable spirit continue to be a source of inspiration to us all. Samantha Traves Brisbane July 2016 Table of Cases References are to paragraph numbers A A E Goodwin Ltd v A G Healing (1979) 7 ACLR 481 …. 12.37 AAMI v Ellis (1990) 6 ANZ Ins Cas 60–957 …. 11.23 AAPT Ltd v Cable & Wireless Optus Ltd (1999) 32 ACSR 63 …. 5.37 ABN Amro Bank NV v Bathurst Regional Council [2014] FCAFC 65 …. 11.7, 11.35 Acernus Aero Ltd v Vincent Aviation [2013] NZAR 795; [2013] NZHC 595 …. 9.3 ACN 007 838 374 Pty Ltd v Zurich Australia Insurance Ltd (1997) 69 SASR 374 …. 11.23 Actionstrength Ltd v International Glass Engineering IN.GL. EN SpA [2002] 1 WLR 566 …. 12.10, 12.14, 12.16 — v — [2003] 2 WLR 1060 …. 12.10 Adams v Elphinstone (1993) 2 Tas R (NC) N14 …. 5.34 — v Lindsell (1818) 106 ER 250 …. 13.23 Advance (NSW) Insurance Agencies Pty Ltd v Matthews (1989) 166 CLR 606 …. 11.8, 11.17, 11.41 Advent Systems Ltd v Unisys Corp (1991) 925 F 2d 670 …. 6.5 AGC (Advances) Ltd v West (1984) 5 NSWLR 590 …. 12.19 AGL Victoria Pty Ltd v Lockwood (2003) 10 VR 596 …. 6.3 Ainsworth v Creeke (1868) LR 4 CP 476 …. 5.33 Aitkin Transport Pty Ltd v Voysey [1990] 1 Qd R 510 …. 5.34 Akron Tyre Co Pty Ltd v Kittson (1951) 82 CLR 477 …. 1.22, 2.15, 4.2, 6.10 Albazero, The [1977] AC 774 …. 9.34 Albert Building Society v Pratt (1893) 19 VLR 195 …. 12.10 Albion Insurance Co Ltd v GIO (NSW) (1969) 121 CLR 342 …. 11.53, 11.55, 12.38 Aldridge v Johnson (1857) 7 El & Bl 885 …. 6.3, 8.19 Alexander v Vane (1836) 1 M & W 511; 150 ER 537 …. 12.33 Allcard v Skinner (1887) 36 Ch D 145 …. 12.26 Allen v F O’Hearn & Co [1937] AC 213 …. 5.40 Alliance Acceptance Co Ltd v Oakley (1987) 48 SASR 337 …. 5.22 Alliance & Leicester BS v Edgestop Ltd [1993] 1 WLR 1462 …. 5.22 Allianz Australia Insurance Ltd v Douralis [2008] VSCA 72 …. 11.40 — v Inglis [2016] WASCA 25 …. 11.32 — v Vitale [2014] NSWSC 364 …. 11.23 Allied Mills Ltd v Gwydir Valley Oilseeds Pty Ltd [1978] 2 NSWLR 26 …. 8.26 Aluminium Industrie Vaasen BV v Romalpa Aluminium Ltd [1976] 1 WLR 676 …. 8.20, 8.21, 8.24, 9.6, 10.9 Amco Enterprises Pty Ltd v Wade [1968] Qd R 445 …. 6.5 American Civil Liberties Union (ACLU) v Reno 929 F Supp 824 (ED Pa 1996) …. 13.2, 13.3, 13.11 American Home Assurance Co v Kirby (2004) 13 ANZ Ins Cas 61–600; [2003] NSWCA 395 …. 11.36 Amlink Technologies Pty Ltd and Australian Trade Commission, Re (2005) 86 ALD 370 …. 6.3, 6.5 Amtel Pty Ltd v Ah Chee [2015] WASC 341 …. 12.27 Andar Transport Pty Ltd v Brambles Ltd (2004) 217 CLR 424 …. 12.7, 12.18 Anderson v Aon Risk Services Australia Ltd [2004] QSC 49 …. 11.17 Anderson Group Pty Ltd v Tynan Motors Pty Ltd (2006) 65 NSWLR 400; [2006] NSWCA 22 …. 2.4, 9.12, 9.31 Andrabell Ltd, Re; Airborne Accessories Ltd v Goodman [1984] 3 All ER 407 …. 8.21 Anglo Overseas Transport Ltd v Titan Industrial Corp (UK) Ltd [1959] 2 Lloyd’s Rep 152 …. 5.47 Angus v Clifford [1891] 2 Ch 449 …. 11.17 Ankar Pty Ltd & Arnick Holdings Ltd v National Westminster Finance (Australia) Ltd (1987) 162 CLR 549 …. 12.3, 12.6, 12.8, 12.18, 12.19, 12.23 Annand & Thompson Pty Ltd v Trade Practices Commission (1979) 25 ALR 91 …. 6.27 Anning v Anning (1907) 4 CLR 1049 …. 1.20 Anon (1688) Moore KB 20; 72 ER 411 …. 4.5 Anson v Anson [1953] 1 QB 636 …. 12.33 Antico v CE Heath Casualty & General Insurance Ltd (1996) 38 NSWLR 681 …. 11.14, 11.36 ANZ Banking Group v Londish [2014] NSWSC 202 …. 12.27 ANZ Banking Group Ltd v Alirezai [2004] QCA 6 …. 12.25 Aqua-Marine Marketing Pty Ltd v Pacific Reef Fisheries (Aust) Pty Ltd (No 5) [2012] FCA 908 …. 6.35 Arcabi Pty Ltd (recs & mgrs apptd) (in liq), Re [2014] WASC 310 …. 10.8, 10.10 Aristoc Industries Pty Ltd v RA Wenham (Builders) Pty Ltd [1965] NSWR 581 …. 6.3 Armagas Ltd v Mundogas SA [1986] 1 AC 717; [1985] 1 Lloyd’s Rep 1 …. 5.20 Armory v Delamirie (1722) 93 ER 664 …. 3.7 Armour v Thyssen Edelstahlwerke AG [1991] 2 AC 339 …. 8.23 Arrow Shipping Co Ltd v Tyne Improvement Commissioners (The Crystal) [1894] AC 508 …. 2.16, 3.2 Asfar v Blundell [1896] 1 QB 123 …. 8.28 Ashby v Tolhurst [1937] 2 KB 242 …. 9.3 Ashington Piggeries Ltd v Christopher Hill Ltd [1972] AC 441 …. 6.25, 6.26, 6.27, 6.28, 6.29, 6.30, 6.32, 6.34, 6.35, 6.36, 6.40, 6.41, 6.43 Askrigg Pty Ltd v Student Guild of the Curtin University of Technology (1989) 18 NSWLR 738 …. 9.26 Associated Alloys Pty Ltd v ACN 001 452 106 Pty Ltd (in liq) (formerly Metropolitan Engineering and Fabrications Pty Ltd) (2000) 171 ALR 568 …. 8.20, 8.21, 8.25 — v Metropolitan Engineering and Fabrication Pty Ltd (1998) 16 ACLC 1633 …. 8.23 — v Metropolitan Engineering and Fabrications Pty Ltd (1996) 20 ACSR 205 …. 9.6 Associated Midland Corp v Sanderson MotorsPty Ltd [1983] 3 NSWLR 395 …. 8.31, 8.36 Astley Industrial Trust Ltd v Miller [1968] 2 All ER 36 …. 8.15, 8.36 Atkinson v Hastings Deering (Qld) Pty Ltd (1985) 6 FCR 331; 71 ALR 93 …. 7.4 Attorney-General v Trustees of the British Museum [1903] 2 Ch 598 …. 3.2, 3.9 Attorney-General (Botswana) v Aussie Diamond Products Pty Ltd (No 3) [2010] WASC 141 …. 6.45 Attorney General for Ceylon v Silva [1953] 1 Lloyd’s Rep 563; [1953] AC 461 …. 5.20 Attorney-General (NSW) v World Best Holdings Ltd (2005) 63 NSWLR 557 …. 12.25 — v Wylde (1946) 47 SR (NSW) 99 …. 5.26 Atwood v Ernest (1853) 13 CB 881 …. 9.11 Audrey v Pollard (1597) Poph 108; 79 ER 1216 …. 5.34 Aussie Tax Pty Ltd v Markel Capital Ltd [2008] VSC 592 …. 11.32 Australia & New Zealand Banking Group Ltd v Comer (1993) 5 BPR

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