Law of Business Organisations

Course code LEGL2002Units 10Level 2000Faculty of Business and LawNewcastle Law School

Law of Business Organisations introduces students to two of the main legal forms for carrying on a business: partnerships and companies. It considers how the organisation deals with the issues of formation, financing, accountability, internal and external relations and insolvency and how the legislative framework operates within the broader business and social context.

Available in 2015

Callaghan CampusSemester 1
OurimbahSemester 2
UoN SingaporeTrimester 2
Previously offered in 2014
ObjectivesOn successful completion of this course, you will be able to:

1. Identify and compare the advantages and disadvantages of the two main legal forms of business organisations.
2. Understand the legal structure of a partnership and corporation.
3. Explain the legal rights and duties of partners/parties to the corporation.
4. Identify potential legal pitfalls for parties dealing with and acting for corporations.
5. Identify and resolve basic legal issues encountered in dealing with corporations in a professional manner.
6. Understand the basics of corporate finance and failure.
Content1. Types and characteristics of business organisations.
2. The nature of partnerships and rights and obligations of partners
3. Constituting & Managing Companies
4. Members' decisions and meetings
5. Directors' duties 1 & 2.
6. Directors' duties 3 & 4
7. Reporting and Disclosure, and Finance
8. Consequences of Directors' breach.
9. Shares & shareholders 1 & 2
10. Transacting 1 & 2
11. Corporate liability & piercing the veil
12. External administration & winding up
Replacing Course(s)na
Industrial Experience0
Assumed KnowledgeLEGL1001
Modes of DeliveryInternal Mode
Teaching MethodsProblem Based Learning
Self Directed Learning
Assessment Items
Essays / Written Assignments
Examination: FormalEnd of Year
Group/tutorial participation and contribution
Case Scenario/PBL exercisesTake Home Problem Questions
Quiz - ClassIn class test
Contact HoursTutorial: for 1 hour(s) per Week for Full Term
Lecture: for 2 hour(s) per Week for Full Term
Timetables2015 Course Timetables for LEGL2002