The corporate Law in Australia is evolving and it changes to give new roles and duties to the director of a company. A director company has duty under section 588G of the Corporations Act to stop a company from trading if it has filed for insolvency.
In order to understand the concept of implied terms we can consider the case of Codelfa Construction Pty Ltd v State Rail Authority of NSW [1982] HCA 24; (1982) 149 CLR 337 (11 May 1982) to prepare this contract law assignment.