Faculty of Business and Economics

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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


Business and Economics

Organisational Unit

Department of Business Law and Taxation


Ms Priya Sharma



  • First semester 2016 (Evening)
  • Second semester 2016 (Day)


This unit examines business law in practice adopting a risk assessment and management approach of the different legal risks that a business can face.
It will cover contractual, non-contractual risks and the particular risks that can arise when dealing with consumers. It will provide techniques on how to identify, assess, manage and negotiate these different legal risks. It will also provide an introduction to different legal forms of business organisations and their comparative risks and advantages.


The learning goals associated with this unit are to:

  1. develop an understanding of the basic legal risks when operating a business, including contractual risks, non-contractual risks and statutory risks when dealing with consumers
  2. develop the ability to identify and assess these legal risks and develop mechanisms for their management, which go beyond mere legal compliance by establishing sound processes of risk avoidance, and to resolve legal problems where the risks are unavoidable
  3. develop an understanding of different legal forms of business organisation (sole trader, agency, partnership and corporation) to be able to critically determine the most appropriate legal form, understand the benefits and problems associated with each legal form and develop a good corporate governance regime.


Within semester assessment: 60% Examination: 40%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning,peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)


BTF5903, BTG9270, BTX5140, BTX5950, BTX9020, BTX9030, MBA9002