Business Law II

Module Code LAWU9L2
Semester Autumn
Level 8
Credit Value 20
Module Co-ordinator Mrs Lorraine Wilson
Assessment Group presentation (10%), Essay (25%), Examination (65%).

Module Description

This Module focuses on the creation of different business vehicles and the law associated with them and allows the student to learn about Agency Law, Partnership Law, Company Law and Insolvency Law in the UK. 

Module Objectives

The Module begins by looking at Agency law and its application in society. The purpose and formation of an agency agreement as well as its effect are looked at as well as what happens when there is a breach of such an arrangement. We then move on to looking at the first piece of "business" legislation in the Partnership Act 1890. Students will start to learn how to read and interpret a statute as well as how to apply its terms to problem situations in tutorial. The formation of a partnership and dissolution will be examined as well as the roles and functions of partners. Company law gives us another opportunity to look at a piece of legislation which is more complex in nature. Incorporation and its effect are investigated, as well as the role of directors and the rights of shareholders. Corporate Governance and Insider dealing are looked at in broad terms. Lastly there is an introducion to Insolvency Law looking at raising capital by a company, capital maintenance, Receivership, Liquidation as well as corporate rescue in terms of the Insolvency Act 1986.

Learning Outcomes 

After completing this module students should be able to demonstrate a good understanding of:

  1. The law relating to modern business organisations.
  2. The application of law to everyday business situations.
  3. The dynamic nature of law and how to deal with changes in the law.
  4. How to use primary and secondary legal materials in order to solve legal problems

Preparatory Work 

Full reading list will be available in the module outline, but J Bisacre et al, Business Law in Scotland , 2nd Ed., W. Green, 2011 would be excellent background reading.

This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.


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