BTG2220

Law of business organisations

Dr Ashraf Kazi and Mr Andrew Coleman

6 points · One 2-hour lecture and one 1-hour tutorial per week · Distance, approximately 12 hours per week · Second semester · Gippsland · Prerequisite: BTG1202

Objectives The subject aims to provide an understanding of the law applicable to the operation of partnerships, companies and trusts as trading entities. It builds upon the principles developed in contract law. The subject bridges the disciplines of accounting and law and provides the student with a knowledge of the law of business entities thus enabling them to recognise the existence of problems which require use of the law in reaching solutions.

Synopsis Formation of partnership; the contract of partnership and fiduciary obligations; partnership property; liability of partners to third parties; liability of non-partners; dissolution and winding up of partnerships; incorporation of companies and its effect; types of companies, memo and articles of association, share capital, liability to third parties, internal management and duties of directors and majority shareholders, auditors' duties, receivership and official management, trusts and trustees.

Assessment Two assignments (each 1500 words): 30% · Examination (3 hours): 70%

Prescribed texts

Australian corporations and securities legislation latest edn
Lipton P and Herzberg A Understanding company law LBC, latest edn
Higgins P F P and Fletcher K L The law of partnership in Australia and New Zealand LBC, latest edn
The partnership legislation in force in your jurisdiction.

Back to the 1999 Business and Economics Handbook