Module ACCT2041: PRINCIPLES OF BUSINESS LAW

Department: Accounting

ACCT2041: PRINCIPLES OF BUSINESS LAW

Tied To

• N201: Business and Management
• N203: Business and Management with Placement Year
• N204: Accounting and Management with Placement Year
• N206: Accounting and Management with Study Abroad
• N207: Business and Management with Study Abroad
• N302: Accounting and Finance with Placement Year
• N304: Accounting and Finance with Study Abroad
• N305: Finance
• N306: Finance with Placement Year
• N307: Finance with Study Abroad
• N509: Marketing and Management
• N510: Marketing and Management with Placement Year
• N511: Marketing and Management with Study Abroad
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

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.