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MN20024: Commercial contracts

[Page last updated: 23 August 2022]

Academic Year: 2022/23
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Semester 1
Assessment Summary: CW 40%, EX 60%
Assessment Detail:
  • Coursework (CW 40% - Qualifying Mark: 35)
  • Examination (EX 60% - Qualifying Mark: 35)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take MN10442
Learning Outcomes: Students will be able to read and comprehend the usages in commercial contracts and the external factors affecting performance. They will understand the external legal environment and the relationships between different types of enterprise and apply their knowledge of the wider aspects of different institutional practices in the context of business relationships and agreements.

Aims: The course sets out to equip students to understand the wider implications of commercial contract and to be aware of the effects of commercial contract terms.

Skills: The course will equip students to interpret business contracts and to understand the implications of business terms commonly used. Students will work from a typical commercial contract throughout the course, and this is used as the basis for the coursework and the examination, so that by the end of the course they are fully equipped to read and comprehend the problems raised in and around such contracts, and how to deal with them. For the coursework, the students are allocated into smaller groups which is given a set of issues surrounding the main contract, and each is given a particular, individual, aspect of the problem to discuss and present a reasoned case about to the rest of the group.

Content: The wider application of agency law in the context of external business relationships and mercantile agency is examined. Commercial contract terms and the relationship with statutory provisions, such as the Sale of Goods Act, are analysed in the context of the contract provided, and then students move on to consider the network of connected contracts involved in the performance of such a contract. These areas include the specific characteristics of contracts involving: financial matters, including bills of exchange; carriage; and insurance contracts, and also aspects of intellectual property. In addition external institutions and their impact is considered - such as issues raised by competition law. Finally dispute resolution, including arbitration, are studied.

Programme availability:

MN20024 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-ANB07 : BSc(Hons) Business with Thin sandwich placement(s) (Year 3)


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.