Law for Business
Run by Bangor Business School
20 Credits or 10 ECTS Credits
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.
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 elucidates on the guiding rules on shareholder's rights. It will also briefly look at Insolvency Law and Fraudulent and criminal behaviour
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.
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.
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.
Demonstrate a thorough ability to undertake independent legal research including the use of appropriate academic data bases.
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
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
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.
|Semester 1 Examination||50|
|Semester 2 Examination||50|
Teaching and Learning Strategy
Review lecture notes. Further study using textbooks and internet
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)
Resource implications for students
Introduction to Business Law, Lucy Jones, 2017, Oxford University Press, Fourth Edition ISBN-10 019872733X ISBN-13 9780198727330
Blackstone's Statute Company Law (2018/2019)
Courses including this module
Compulsory in courses:
- NN4H: BSc Accounting and Finance year 3 (BSC/ACCFIN)
- N402: BSc Accounting & Finance (with International Experience) year 4 (BSC/ACCFINIE)
Optional in courses:
- NN45: BA Accounting and Banking year 3 (BA/AB)
- NN36: BA Accounting and Banking with International Experience year 4 (BA/ABIE)
- NN14: BA Business Stud & Finance (with International Experience) year 4 (BA/BSFIE)
- 8N60: BA Business Studies and Marketing (with International Exp) year 4 (BA/BSMIE)
- N107: BA Business year 3 (BA/BUS)
- LN15: BA Accounting & Economics (with International Experience) year 4 (BA/ECAIE)
- N500: BA Marketing year 3 (BA/MK)
- N5R3: BA Marketing with Italian year 4 (BA/MKITAL)
- N5R1: BA Marketing with French year 4 (BA/MKTFR)
- N5R2: BA Marketing with German year 4 (BA/MKTGER)
- N5R4: BA Marketing with Spanish year 4 (BA/MKTSP#)
- NL41: BSc Accounting and Economics year 3 (BSC/ACCEC)
- NL4B: BSc Accounting and Economics (4 year with Incorp Foundation) year 3 (BSC/ACCEC1)
- NL42: BSc Accounting and Economics with International Experience year 4 (BSC/AEIE)
- L190: BSc Business Economics year 3 (BSC/BEC)
- L19B: BSc Business Economics (4 year with Incorporated Foundation) year 3 (BSC/BEC1)
- L191: BSc Business Economics with International Experience year 3 (BSC/BECIE)
- L192: BSc Business Economics (Bangor International College) year 3 (BSC/BICBE)
- N503: BSc Marketing (Bangor International College) year 3 (BSC/BICMRK)
- NNM1: BSc Business Studies & Marketing with Intl Experience year 4 (BSC/BSMIE)
- NN1M: BSc Business Studies and Marketing year 3 (BSC/BSMKT)
- NN1K: BSc Business Studies & Marketing (4 year with Incorp Found) year 3 (BSC/BSMKT1)
- N501: BSc Marketing year 3 (BSC/MKT)
- N50B: BSc Marketing (4 year with Incorporated Foundation) year 3 (BSC/MKT1)