Explain the distinction between Exclusive Powers,

Assignment Detail:- HI6027 Business and Corporate Law Assignment - Tutorial Questions, Holmes Institute, Australia Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this unit- Unit Learning Outcomes Assessed - 1- Critically examine the main features of the Australian legal system; 2- Critically examine the foundations of Australian company law; 3- Critically discuss and apply contract and tort law in business circumstances; 4- Critically analyse the concept of corporate internal rules and management; 5- Critically discuss and apply the legal framework that regulates a company's dealings with outsiders; 6- Analyse the interaction between members' rights, directors' duties and corporate governance; 7- Analyse the procedures regarding external administration and winding up- Description - Your task is to answer a selection of tutorial questions for weeks 1 to 5 inclusive and submit these answers in a single document- The questions to be answered are: Question 1 - Explain the distinction between Exclusive Powers, Concurrent Powers and Residual Powers, which are outlined in the Australian Constitution- Give an example of each power- -maximum 300 words-- Question 2 - You are in the train station waiting for your train to arrive- You see a vending machine from where you can buy snacks and chips for $3-50- Posted on the machine is a sign saying: "Property of XYZ Vendsolutions Pty Ltd"- You insert the coins required into the machine and out comes a packet of chips- However, when you open the packet of chips, you find bits of plastic inside and you don't want to eat the chips- You want your money back- Required: With reference to the essential elements for the formation of a contract, explain: a- Did you enter into a contract in this scenario???? -maximum 500 words- b- If your answer is yes, with whom did you enter a contract???? -maximum 150 words- Question 3 - What are the common law rules regarding contracts entered into by infants, and when are such contracts valid, voidable or void???? -maximum 300 words- Question 4 - Explain the operation of the contra proferentem rule- Is such a rule defensible in today's business environment???? -maximum 300 words-- Question 5 - In September, Amina hired Bryan as a delivery man- Bryan was to commence work on 1 November- On 1 October, Amina wrote to Bryan telling him that, despite their agreement, economic circumstances were such that she no longer required his services- Can Bryan sue Amina???? Explain your answers in light of the principles learned on breach of contract- -maximum 500 words--
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