Understanding Business Law 7E is a textbook for students studying commercial law at Australian universities. It is also a readily accessible reference for those encountering commercial law issues in their everyday work. Coverage includes the Legal System, the Law of Contract, Sale of Goods and Consumer Protection, Agency, Business Organisations, Property (including Intellectual Property), Bailment, Insurance, Torts, Debt Recovery, Bankruptcy and Insolvency, Negotiable Instruments, Banking and Payment Systems, Employment Law and Business Ethics. The authors use case examples and real-life scenarios to illustrate how legal principles are applied in a business context. This new edition is accompanied by extensive ancillary material to aid student learning and provide lecturer support.