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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+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

C- to C+

C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.


A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.


D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

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
Examination 100

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
  • 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)
  • knowledge of the main current technical language and practices of accounting (for example, recognition, measurement and disclosure in financial statements; managerial accounting; auditing; taxation) in a specified socio-economic domain


Resource implications for students


Talis Reading list

Reading list

Introduction to Business Law, Lucy Jones,2017, Oxford University Press, Fourth edition ISBN-10 019872733X ISBN-13 9780198727330

Blackstones's Statute Company Law 2018/2019

Pre- and Co-requisite Modules

Courses including this module