Law of Business Organisations

Course code LEGL2002
Available in 2015
2015 Course Timetables

Description

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.

Availability

UoN Singapore

  • Trimester 1 - 2015 (Singapore)

Callaghan Campus

  • Semester 1 - 2015

Ourimbah

  • Semester 2 - 2015

Learning Outcomes

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 in a partnership and of members, directors and other officers in a 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.

Content

  1. 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

Assumed Knowledge

LEGL1001

Assessment Items

Tutorial / Laboratory Exercises: Tutorial Learning Activities ¿ Revision tests (MCQ)

Case Study / Problem Based Learning: Problem Question Assignment A and B

Formal Examination: Final Exam

Contact Hours

Lecture

Online 2 hour(s) per Week for Full Term

Tutorial

Face to Face On Campus 1 hour(s) per Week for Full Term