Business Law

Course code PACC6009
Available in 2015
2015 Course Timetables

Description

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.

Availability

Sydney Bathurst Street

  • Semester 1 - 2015
  • Semester 2 - 2015

Learning Outcomes

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.

Content

Topics 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

Requisites

This 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 programs.

Assessment Items

Written Assignment: Mid Semester Assignment

Quiz: 4 In-class Quizzes

In Term Test: In-class Exam

Formal Examination: Final Examination

Presentation: Presentation

Contact Hours

Lecture

Face to Face On Campus 3 hour(s) per Week for Full Term