Business Law

Course code PACC6009Units 10Level 6000Faculty of Business and LawNewcastle Business School

Business Law provides the necessary legal framework to inform professional practice within accounting and related professions. This course encompasses both contract and commercial law introducing the participants to the Australian legal system, including sources of law, legal institutions and torts law. Topics developed under contract law include the law of offer and acceptance, consideration, breach of contract, remedies for breach of contract, and contract law with respect to the sale of goods. Commercial law topics comprise consumer law, the Competition and Consumer Act, principal and agent, property, trusts, consumer credit and law with respect to bankruptcy.

Available in 2015

Sydney Bathurst StreetSemester 1, Semester 2
Previously offered in 2014
ObjectivesOn successful completion of this course, you will be able to:

1. Recognise and be able to restate the principal features of the Australian legal system including selected laws relating to business which form part of that system
2. Identify and recount the sources of law in Australia.
3. Comprehend and apply the main principles of the law of contract to resolve problem situations arising in business environments.
4. Exhibit an integrative understanding of the law of torts, particularly the law of negligence as it relates to professional responsibility and the duty of care.
5. Interpret the law of consumer protection, business competition, principals and agents, property, business organisations, consumer credit and bankruptcy and implement these principles to critically analyse and evaluate relevant problem situations.
6. Investigate, formulate and apply a range of problem solving approaches to resolve business law issues.
ContentTopics in this course include, but are not limited to, the following topics:
1. Australia's legal and political system, looking at the roles and functions of the legislature, the executive and the judiciary, including those bodies' law-making powers, the creation of the Australian Commonwealth and the reception of English laws into Australia.
2. The nature and sources of law; precedent and the court hierarchy; statute law and statutory interpretation; administrative bodies and delegated legislation.
3. Contracts, looking at the essential elements for a valid contract, determining what is in a contract, determining how to get out of a contract, discharging a contract, bringing a contract to an end, and remedies for a breach of contract.
4. The Competition and Consumer Act as it relates to consumer protection and business competition.
5. Torts and professional responsibility, including the elements of negligence and torts relevant to business.
6. Agency law
7. Property law
8. Law relating to ways of conducting business
9. Consumer credit
10. Bankruptcy law
Replacing Course(s)Nil
Industrial Experience0
Assumed KnowledgeNil
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Examination: ClassQuiz set
Class test
Essays / Written AssignmentsCase Studies
Examination: FormalThe final examination will be held in the formal examination period at the end of trimester
Presentations - Class
Contact HoursLecture: for 3 hour(s) per Week for Full Term
Compulsory Components
Requisite by EnrolmentThis course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting/Master of Business.
Timetables2015 Course Timetables for PACC6009