Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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FacultyFaculty of Business and Economics
Organisational UnitDepartment of Business Law and Taxation
OfferedSouth Africa Second semester 2013 (Day)
Coordinator(s)Ms Rufaro Gweshe


An introduction to the South African legal system, its history, structure, sources of law and interpretation of statutes. Particular emphasis is placed on the law as it affects business. This includes the banking law on paying instruments and modes of payment. The laws of delict, contract and agency as they affect business are examined. The basic principles of the law of partnerships, companies and other bodies corporate are also introduced. Specific contracts, such as purchases and sales, leases, insurance and credit agreements are dealt with. This unit includes an introduction to various specific aspects of commercial law, including labour law, the law of unjust enrichment, the laws of trust, insolvency and administration of estates.


The learning goals associated with this unit are to:

  1. describe and define the South African Legal system, its history, structure and sources of law
  2. explain the basic rules of statutory interpretation
  3. identify, discuss and analyse the application of the law of delict, contract, agency and unjustified enrichment to a range of situations in business
  4. identify, discuss and analyse the application of the law relating to modes of payment to a range of situations in business
  5. distinguish and interpret particular nominated contracts, and analyse and discuss the application of the rules of these nominated contracts to a range of situations in business and
  6. list, describe and explain various sundry aspects of commercial law that provide the necessary background for accountants and auditors in the business environment.


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Contact hours

3 hours per week