Law for Business
Run by Bangor Business School
20 Credits or 10 ECTS Credits
Semester 1 & 2
Organiser: Ms Omotolani Somoye
Overall aims and purpose
- To provide students with an overview of the key aspects of the legal system of England and Wales and an Introduction to Business Law.
- To enable students to study key areas of substantive law and their importance associated with the legal system of England and Wales
- To provide students with an overview of the law relating to business organisations, in particular the law relating to partnerships and limited companies, legal personality, the capital and financing and the management, administration and regulation of companies. 4 .To enable students to briefly look at Insolvency Law and Fraudulent and criminal behaviour
The module introduces the student to the legal system of England and Wales, providing a framework to study ‘What is Law’. It will provide an outline of the essential differences between common law and civil law systems. It will also provide students with a brief introduction to areas of substantive law such as the essentials of contract; the tort or negligence and business formation. It will also introduce students to Employment Law, so that they understand Contracts of Employment and elements of dismissal and Redundancy. The module will also 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
70%+ 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.
60-69 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.
40-49 An answer which, while predominantly correct in its presentation of material, contains a significant level of error and is therefore not entirely reliable.
C- to C+
50-59 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.
Be able to exhibit a thorough ability to undertake independent legal research including the use of appropriate academic data bases.
Be able to demonstrate a thorough understanding of the basic principles of how law applies to business, including the formation of contracts, the tort of negligence and the alternative forms of business available, including the advantages and disadvantages of incorporation
Critically evaluate the different procedures by which a company may be wound up and explain the role and function of a liquidator
Identify and critically discuss the internal structure of a company, its management and control, and the legal restrictions and requirements placed on a company’s board of directors.
Critically evaluate the key components of corporate personality including the potential of criminal liability
Critically analyse the statutory rules regulating the raising and maintenance of a company’s share capital
Show a thorough critical understanding of the essentials of a contract and the key elements in establishing the tort of negligence
|Exam S1 2hrs||50|
|Exam S2 2hrs||50|
Teaching and Learning Strategy
The module will be delivered by a 2 hour lecture each week over 2 semesters
- 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)
Develop the ability to analyse legal issues, set against the background of the political, social, economic or cultural contexts in which they may arise.
Knowledge of legislation and case law, relating to business law.
Abstraction. From the study of legislation and case law, students see how one can abstract the essential features of legal systems and evaluate how law relates to specific situations in business law.
Resource implications for students
Introduction to Business Law, Lucy Jones, 2015, Oxford University Press, Third Edition ISBN-10 019872733X ISBN-13 9780198727330
Courses including this module
Compulsory in courses:
- N400: BA Accounting and Finance year 3 (BA/AF)
- N401: BA Accounting & Finance (with International Experience) year 4 (BA/AFIE)
- NN4H: BSc Accounting and Finance year 3 (BSC/ACCFIN)
- N402: BSc Accounting & Finance (with International Experience) year 4 (BSC/ACCFINIE)