LEGL2002
10 units
2000 level
Course handbook
Description
Law of Business Organisations introduces students to the registered company as the dominant legal form for carrying on a business. It compares the company with other types of business models, including partnerships, joint ventures, trusts, objectives ad incorporated associations. It considers the legal framework that determines how a company deals with the issues of registration, corporate liability, internal governance, directors duties, financing and insolvency. This course provides students with the theory and practice necessary to set up and operate a business, provide advice, meet regulatory compliance, discharge directors duties, plan business succession and navigate financial stress.
Availability2024 Course Timetables
Singapore PSB
- Trimester 1 - 2024 (Singapore)
Newcastle City Precinct
- Semester 1 - 2024
Learning outcomes
On successful completion of the course students will be able to:
1. Identify and compare the key legal features of the main legal forms of business organisations.
2. Evaluate the factors that influence the choice of legal form for a business enterprise.
3. Explain the legal relationship in a company between the board of directors, members and executive officers in a company.
4. Identify the role of law in corporate management and governance.
5. Analyse the legal rules that enable and restrict business dealings including third party transactions and raising finance.
6. Evaluate the strengths and weaknesses of the legal options available to shareholders and directors of a company in times of financial stress.
Content
The topics in the course include the following:
Choosing a legal structure for a business
Companies and incorporation
The company constitution
Promoters and pre-registration contracts
Companies, outsiders and corporate liability
Membership, members’ powers and dividends
Corporate governance and company management
Directors’ and officers’ duties
Financing a company via equity or debt
Members’ remedies
Receivership and administration
Insolvency
Requisite
This course is only available to students who have successfully completed LEGL1001.
Assumed knowledge
LEGL1001
Assessment items
Tutorial / Laboratory Exercises: Tutorial Learning Activities and Revision tests (MCQ)
Case Study / Problem Based Learning: Problem Question Assignment
Formal Examination: Final Exam
Contact hours
Trimester 1 - 2024 (Singapore) - Singapore PSB
Online Activity-1
- Online 1 hour(s) per week(s) for 13 week(s) starting in week 1
Seminar-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
Semester 1 - 2024 - Newcastle City Precinct
Online Activity-1
- Online 2 hour(s) per week(s) for 13 week(s) starting in week 1
Seminar-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
Course outline
- LEGL2002 - Semester 1, 2024 (Ncle) (PDF, 284.6 KB)
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.