LEGL2002

Law of Business Organisations

Faculty of Business and Law Newcastle Law School

10 Units 2000 Level Course

Available in 2014

Callaghan Campus	Semester 1
Ourimbah	Semester 2
UoN Singapore	Trimester 2

Previously offered in 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004

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.

Objectives

On 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.

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

Replacing Course(s)

Transition

Industrial Experience

Assumed Knowledge

LEGL1001

Modes of Delivery

Internal Mode

Teaching Methods

Problem Based Learning
Lecture
Tutorial

Assessment Items

Essays / Written Assignments
Examination: Formal	End of Year
Group/tutorial participation and contribution
Case Scenario/PBL exercises	Take Home Problem Questions
Quiz - Class	In class test

Contact Hours

Tutorial: for 1 hour(s) per Week for Full Term
Lecture: for 2 hour(s) per Week for Full Term

Timetables