Module ASB-2401:
Law for Business 2

Module Facts

Run by Bangor Business School

10 Credits or 5 ECTS Credits

Semester 2

Organiser: Dr Sara Closs-Davies

Overall aims and purpose

The module will outline the law relating to business organisations, in particular the law relating to partnerships and limited companies. It will consider legal personality, the capital and financing and the management, administration and regulation of companies. It will also briefly look at Insolvency Law and Fraudulent and criminal behaviour.

It is only available for continuing Accounting and Finance students from BCC

Course content

The module will allow the student to study the modern English company law and partnership law, in particular the law relating to the registered company, corporate personality, corporate governance, investor protection and liquidation and fraudulent and criminal behavior.

Assessment Criteria


B- to B+ A comprehensive answer, containing all the material relevant to the question and no irrelevancy, all the material and references being accurate and correct, there being no inaccuracy or error, the whole presented in an argument which, while clear, logical and critical, leaves room for improvement in its construction and presentation. An answer which shows complete competence in the subject

C- to C+

C- to C+ An answer which, while always in the main accurate and correct, fails to distinguish between relevant and irrelevant material and is lacking in criticism. An answer which while reliable with regard to correctness is either not comprehensive or not entirely pertinent


A- to A* An outstanding, possibly brilliant, answer, containing all the material relevant to the question and no irrelevancy, all the material and references being accurate and correct, there being no inaccuracy or error, the whole presented in a clear, logical, critical argument with little room for improvement. An answer which demonstrates a complete mastery of the subject.


D- to D+ An answer which, while predominantly correct in its presentation of material, contains a significant level of error and is therefore not entirely reliable.

Learning outcomes

  1. Distinguish between the different forms of business organisation and identify the characteristics of the registered company.

  2. Explain the statutory rules regulating the raising and maintenance of a company’s share capital.

  3. Distinguish between the different procedures by which a company may be wound up and explain the role and function of a liquidator.

  4. Show an awareness and application of the key components of corporate personality including the potential of criminal liability.

  5. Exhibit an understanding of the internal structure of a company, its management and control, and the legal restrictions and requirements placed on a company’s board of directors.

Assessment Methods

Type Name Description Weight
EXAM Examination

A 2 hour exam


Teaching and Learning Strategy

Private study

Review lecture notes. Further study using textbooks and internet


2 hour weekly lectures


Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Computer Literacy - Proficiency in using a varied range of computer software
  • Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
  • Exploring - Able to investigate, research and consider alternatives
  • Information retrieval - Able to access different and multiple sources of information
  • Inter-personal - Able to question, actively listen, examine given answers and interact sensitevely with others
  • Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
  • Presentation - Able to clearly present information and explanations to an audience. Through the written or oral mode of communication accurately and concisely.
  • Argument - Able to put forward, debate and justify an opinion or a course of action, with an individual or in a wider group setting
  • Self-awareness & Reflectivity - Having an awareness of your own strengths, weaknesses, aims and objectives. Able to regularly review, evaluate and reflect upon the performance of yourself and others

Subject specific skills

  • knowledge of some of the contexts in which accounting can be seen as operating (examples of contexts include the legal, ethical, social and natural environment; the accountancy profession; the business entity; the capital markets; the public sector)


Resource implications for students


Reading list


Pre- and Co-requisite Modules

Courses including this module