Law of Business Organisations
|Course code LEGL2002||Units 10||Level 2000||Faculty 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 2014
|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
|Modes of Delivery||Internal Mode|
|Teaching Methods||Problem Based Learning|
|Contact Hours||Tutorial: for 1 hour(s) per Week for Full Term|
Lecture: for 2 hour(s) per Week for Full Term
|Timetables||2014 Course Timetables for LEGL2002|