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Program Overview

The LAW281 Organisations Law program examines the modern law of commercial enterprises, with a focus on the law of corporations. The program also covers other types of business organisations, including partnerships, joint ventures, trusts, and sole proprietorships.

Subject Information

Grading System

The grading system for this program is HD/FL.

Duration

The program duration is one session.

School

The program is offered by the International School of Business and Partnerships.

Enrolment Restrictions

The program is restricted to Bachelor of Business Studies students only and is not available to students who have completed LAW220, LAW310, or LAW380.

Assumed Knowledge

The assumed knowledge for this program is LAW110.

Subject Relationships

This subject is identical to LAW220, except for mode of delivery and method of assessment. Part of the subject content is similar to LAW380, however, the subjects are offered to different cohorts.

Incompatible Subjects

The incompatible subject for this program is LAW220.

Learning Outcomes

Upon successful completion of this subject, students should be able to:

• identify the source and content of the law in relation to each type of organisation
• explain the means of bringing into being each type of organisation
• identify the most appropriate form of organisation for a business undertaking
• compare the advantages and disadvantages of each type of commercial enterprise
• comprehend the law relating to the day-to-day operation of a corporation, both internally and externally
• analyse the provisions of the Corporations Law relating to Winding Up, Takeovers, and the Securities Industry
• resolve hypothetical problems encountered by commercial enterprises

Syllabus

This subject will cover the following topics:

• Unincorporated Business Associations, including:
  • Trusts
  • Partnerships
  • Sole Proprietors
  • Joint Ventures
  • Formation of each entity
  • Legal relationships
  • Duties and rights of controllers
  • Comparison with a corporation
• Corporations, including:
  • Formation
  • Constitution
  • Law of Meetings
  • Duties of Directors
  • Protection of Minority Interests
  • Protection of Outsiders, including coverage of Agency principles
  • Capital Share and Loan
  • Law of Auditors
  • Takeovers
  • Winding Up, including Insolvency and De-registration
  • Securities Industry Law