Module ACCT2041: PRINCIPLES OF BUSINESS LAW

Department: Accounting

ACCT2041: PRINCIPLES OF BUSINESS LAW

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• None.

Aims

• Principles of Business Law is a law module for non-law students aimed in particular at students on finance, business and accounting programmes.
• It is important for those students studying in the fields of business and accounting to have an understanding of the legal framework within which businesses operate and the requirements and restrictions imposed on a business by the different aspects of the law that are relevant to the operation of a business.

Content

• The English Legal Framework - nature and sources of English law, litigation, the court system and alternative dispute resolution
• Tort law - negligence; product liability; defective premises; nuisance; intellectual property; vicarious liability; general defences.
• Contract Law - offer, acceptance, consideration, intention; privity; capacity; contract terms; statutory terms implied in contracts for sale of goods and services; vitiating factors.
• Agency law
• Business organisations
• Company formation and administration
• Company management - officers, meetings, shareholder protection
• Company liquidation
• Employment law

Learning Outcomes

• Knowledge of the significant aspects of law as they appertain to the operation of a business.
• Understand the regulatory framework with which businesses must comply.

• Be able to analyse and offer advice on common legal issues facing a business.

• Written communication - through summative assessment
• Skills of enquiry and explanation through applying legal principles and forming arguments

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminars, and private study. Formative assessment is by means of a practice test. Summative assessment is by a written examination.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Practice test.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University