Law of Commerce
Duration
- One Semester or equivalent
Contact hours
- 36 hours
On-campus unit delivery combines face-to-face and digital learning.
2021 teaching periods
Hawthorn
| Higher Ed. Semester 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
Or
100 Credit Points that must be completed before undertaking this unit.
Anti-requisite (Unit similar in content)
LAW10007 Contract Law
AND
LAW20004 Company Law
LAW10007 Contract Law
AND
LAW20004 Company Law
Corequisites
Anti-requisites :
Completion of a unit that is very similar in content or the content overlaps with another unit.
Completion of a unit that is very similar in content or the content overlaps with another unit.
And
Aims and objectives
This unit enables students to gain an understanding of the law applicable to contracts and companies that are employed in the modern business environment. In particular, the primary focus is on the contracting activities and its repercussions relating to businesses and entrepreneurial activities. The operations of the Corporations Act 2001 (Cth) which regulate the activities of companies, company officers and shareholders also take significance in this unit.
Students who successfully complete this unit will be able to:
1. Analyse and apply a range of legal concepts relating to corporate (including an understanding of the business
structures of trusts and joint ventures) and contract law, drawing both from common law and statute law
2. Generate a range of solutions from case law drawing on analysis and interpretation of the Corporations Act
2001, the common law and other related state and commonwealth legislations
3. Apply critical thinking and analytical skills when applying legal concepts and principles in the conduct of
businesses and entrepreneurial activities
Students who successfully complete this unit will be able to:
1. Analyse and apply a range of legal concepts relating to corporate (including an understanding of the business
structures of trusts and joint ventures) and contract law, drawing both from common law and statute law
2. Generate a range of solutions from case law drawing on analysis and interpretation of the Corporations Act
2001, the common law and other related state and commonwealth legislations
3. Apply critical thinking and analytical skills when applying legal concepts and principles in the conduct of
businesses and entrepreneurial activities
4. Construct coherent and logical legal arguments and communicate them effectively.
Courses with unit
Students enrolling in the Bachelor of Business with an Accounting Major must also complete this unit for CA/CPA accreditation.Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Online Mode (SOL):
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching
space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments,
independent study, student group meetings, and research)
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Lectures (1 x 2 hours per week) 24 hours, Tutorials (1 x 1 hour per week) 12 hours
Engaging with online content and discussions
For all teaching and learning structures (both face to face and online), students are expected to spend an average of
150 hours per unit in total over the duration of the study period
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching
space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments,
independent study, student group meetings, and research)
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Test (Individual) 10 - 20%
2. Assignment (Individual) 40 - 50%
3. Final Examination (Individual) 30 - 50%
General skills outcomes
• Problem solving skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
Content
- The Australian Legal System
- Formation of Contract
- Terms of Contract
- Validity of Contract
- Termination of a Contract and Remedies
- Business Structures
- Characteristics of a Company & its Constitution
- Company’s Relations with Outsiders including Company Contracts
- Directors’ Duties and Company Insolvent Trading
- Members’ Remedies
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.