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LAW1500 Introduction to Business and Company Law

Semester 3, 2022 Online
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Law and Justice
Grading basis : Graded
Course fee schedule : /current-students/administration/fees/fee-schedules

Staffing

Examiner:

Requisites

Pre-requisite: Students enrolled in one of the following Programs: LLBP or BLAW or BABL or BALW or BBBL or BBLA or BCLA or BCLW are not eligible for enrolment
Enrolment is not permitted in LAW1500 if LAW1101 has been previously completed

Overview

Given the complexity within which commercial transactions are conducted today, an appreciation of the legal system and its impact on commerce and trade is essential for business and commerce students. This is especially pertinent to accountants seeking professional accreditations such as CPA and registration with the Tax Practitioners Board (TPB). Students will develop their knowledge of the legal system through didactic teaching methods and then apply this knowledge in problem-based tutorials and assessments.

This course is designed to provide students with general legal knowledge covering principles underpinning the Australian legal system and the commercial legal responsibilities and risks in conducting business. Additionally this course will cover the law of contracts and torts, especially negligence, Australian company law and the legal nature of partnerships.

Course learning outcomes

On successful completion of this course students should be able to:

  1. demonstrate comprehension of theoretical knowledge of the relevant law;
  2. apply legal principles studied in the course, including the principles of precedent and statutory interpretation, and relevant statutes and case law, to factual business situations;
  3. utilise critical legal thinking skills to analyse legal issues arising from contracts, torts, company law and partnerships;
  4. defend legal analysis and conclusions in professional and academic settings;
  5. reflect critically on the theory and professional practice (including accounting practice) as required by the relevant law.

Topics

Description Weighting(%)
1. Principles underpinning the Australian legal system – precedent and court hierarchy, judicial process and alternative dispute resolution, separation of powers and federal system 15.00
2. Contract law – formation of contracts 10.00
3. Contract law – terms and interpretation of contracts 10.00
4. Contract law – enforcement of the contract, including breach, termination and remedies 10.00
5. Principles of tort law 10.00
6. Company law - incorporation and its effects including the nature of corporate identity compared to other business organisations, including partnerships 10.00
7. Company law – governance and directors’ duties 10.00
8. Company law – liability: corporate contracting and members remedies 10.00
9. Company law – corporate financing, membership and dividends 10.00
10. Company law – insolvency and external administration 5.00

Text and materials required to be purchased or accessed

James, Nickolas et al (latest edition required), Business and Company Law, Second edn, Wiley, Milton, Queensland.

Student workload expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Assessment
Weighting (%) Course learning outcomes
Assignments Written Quiz No 10 1,2,3
Assignments Written Problem Solving No 40 1,2,3,4,5
Examinations Invigilated Invigilated examination No 50 1,2,3,4
Date printed 10 February 2023