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.
Availability2021 Course Timetables
Sydney Elizabeth Street
- Trimester 2 - 2021
- Trimester 3 - 2021
On successful completion of the course students 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.
Topics in this course include, but are not limited to, the following topics:
- 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.
- The nature and sources of law; precedent and the court hierarchy; statute law and statutory interpretation; administrative bodies and delegated legislation.
- 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.
- The Competition and Consumer Act as it relates to consumer protection and business competition.
- Torts and professional responsibility, including the elements of negligence and torts relevant to business.
- Agency law
- Property law
- Law relating to ways of conducting business
- Consumer credit
- Bankruptcy law
This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced), Master of Professional Accounting / Master of Business and M Prof Acct/M Bus Admin programs.
In Term Test: In class exam
In Term Test: In class quizzes
Written Assignment: Mid Semester Assignment
Formal Examination: Final examination
Sydney Elizabeth Street
Face to Face On Campus 36 hour(s) per Term Full Term
Classes may be conducted on a weekly or fortnightly basis
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.