Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. demonstrate an understanding of the significance and functions of corporations, and trusts, as legal structures that facilitate the carrying on of business
2. identify, explain and apply legislation and case law to the internal and external regulation of corporations, and the operations of trusts
3. 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)

Ms Tabatha Pettitt (Semester 1), Mr Phillip Lipton (Semester 2).

Contact hours

3 hours per week

Prerequisites

BTF1010

Prohibitions

BTC2210, BTG2220, BTW2220