Available in 2022
Course code

LEGL2002

Units

10 units

Level

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 considers the legal framework that determines how a company deals with the issues of formation, financing, accountability, internal and external relations and insolvency. It also compares and contrasts the company with other types of business organisation including partnerships and co-operatives.


Availability

Ourimbah

  • Semester 2 - 2022

Newcastle City Precinct

  • Semester 1 - 2022

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 raising capital and transacting with others.

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

Ourimbah

Online Activity

Online 1 hour(s) per Week for Full Term

Seminar

Face to Face On Campus 2 hour(s) per Week for Full Term

Newcastle City Precinct

Online Activity

Online 2 hour(s) per Week for Full Term

Seminar

Face to Face On Campus 2 hour(s) per Week for Full Term

PSB Singapore

Online Activity

Online 1 hour(s) per Week for Full Term

Seminar

Face to Face On Campus 2 hour(s) per Week for Full Term

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.