 Description:
| Aims:
To equip students with a fundamental knowledge of the law relating to business enterprises and the way in which they function both internally and with regard to outsiders.
Learning Outcomes:
Students will be equipped to read and understand business documents and securities, and the different roles, rights and responsibilities of persons involved in financing and running businesses.
Skills:
Students are taught to understand the relevant business documents and the duties of individuals involved with the business. They work from a case study which includes key documents, which they learn to interpret in the context of a set of problems. The interpretation culminates in the coursework presentation which involves students drawing together the taught material in a practical application. Preparation for the presentation is facilitated by discussions throughout the course.
Content:
The course starts with the concept of agency and how it relates to commercial enterprises. The different types of business are then outlined and the factors relevant to choosing which form of business is appropriate are discussed. The methods of formation, financing, and functioning of the different types of business are covered, and the liability of a business, its directors or partners and other officers. Insolvency and other types of termination of a business are covered. The rights attached to ownership of a business, and the duties owes both within the business and towards outsiders are investigated. Controls over mergers and take-overs and the non-statutory and statutory controls imposed in respect of companies whose securities are traded are covered.
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