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Refer to the text book of Business law or Law in commerce 6th edition. Thank you. Topic 5 ( Making the contract : Intention and

Refer to the text book of Business law or Law in commerce 6th edition. Thank you.

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Topic 5 ( Making the contract : Intention and consideration) In Shakespeare's play, the Merchant of Venice, Antonio guarantees a loan to help his friend Bassanio and agrees that, if the loan is not repaid within three months, he will allow the lender to take a pound of his flesh. When he defaults, the lender demands his pound of flesh, but Portia saves Antonio's life by arguing in court that, while the lender may be entitled to his pound of flesh, the contract does not allow him to shed any of Antonio's blood. He may, therefore, remove the flesh if only no blood is spilt. Given the modern-day Australian law regarding implied terms, would Portia's argument succeed today? *state the relevant rule and cite the relevant case

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