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MN20010: Company law

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 40%, EX-TH 60%*
Further information on unit assessment Assessment Detail:
  • Coursework* (CW 40% - Qualifying Mark: 35)
  • Open book examination of 48 hours duration* (EX-TH 60% - Qualifying Mark: 35)

*Assessment updated due to Covid-19 disruptions
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take MN10442 OR take MN10078
Further information on descriptions 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.

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.

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.
Further information on programme availabilityProgramme availability:

MN20010 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 2)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 2)
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 2)
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 2)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 2)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 2)