PART B - BUSINESS. LAW AND THE AUSTRALIAN LEGAL SYSTEM Many people who start a small business may possess little knowledge of the Australian legal system and how the effect on the daily operations of their commercial activities. When undertaking the process to 'start-up' and then operate business, it is important for Jan to understand how the key features of Australia's legal system will shape the nature and manner of her business dealings and activities. In Part B of your report you must: 1. Identify three important legal rules, principles or concepts in the Australian legal system that are relevant to the commercial activities of Australian businesses. 2. Describe the key aspects of each legal rule, principle or concept located in Part B.1 3. Evaluate how each legal rule, principle or concept located in Part B.1 effects the commercial activities of Australian businesses