Leader: Ms Antoinette Sernia

Offered

Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)
Prato Summer semester B 2008 (On-campus block of classes)

Synopsis

Topics include the separate legal entity status of companies and the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; corporate management incorporating extensive consideration of directors' duties; share capital; regulation of public fund raising; members' remedies incorporating statutory remedies and common law rights of action; members' meetings; forms of corporate insolvency administrations; trusts, incorporating the role of trustees and the rights of beneficiaries.

Objectives

The learning objectives of this unit are to:

• Demonstrate an understanding of the significance and functions of corporations, and trusts, as legal structures that facilitate the carrying on of business;
• Identify, explain and apply legislation and case law to the internal and external regulation of corporations, and the operations of trusts;
• Develop skills in legal problem solving and analyse legal problems relating to corporations and trusts.

Assessment

Within semester assessment: 30%
Examination (open-book, 3 hours
30 minutes reading and noting): 70%

Contact hours

3 hours per week

Prerequisites

BTF1010

Prohibitions

BTC2210, BTC2213, BTW2220, BTW2213, LAW4171