Law of Business Organisations

Course code LEGL2002
Not available in 2016

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

Not currently available.

This Course was last offered in Semester 2 - 2016.

Learning Outcomes

On successful completion of the course students 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 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

The topics in the course include the following:

  1. Choosing a business structure.
  2. Characteristics of partnerships and corporations.
  3. Set up/ formation of partnerships and corporations.
  4. Management and control of the business.
  5. Directors' duties.
  6. Members' rights and remedies.
  7. Corporate fundraising debt and equity
  8. Corporate reporting, disclosure and audit.
  9. Transacting
  10. External administration

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