Monash University Handbook 2010 Undergraduate - Unit

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 goals associated with 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 (3 hours, open-book): 70%

Chief examiner(s)

Antoinette Sernia

Contact hours

3 hours per week

Prerequisites

BTF1010

Prohibitions

BTC2210, BTW2220