|Delivery Type||Delivery length / details|
|Lecture||16 Hours. Two one hour lectures per week|
|Seminars / Tutorials||3 Hours. Three one hour seminars|
|Assessment Type||Assessment length / details||Proportion|
|Semester Exam||1.5 Hours||100%|
|Supplementary Exam||1.5 Hours||100%|
On completion of this module:
1. Students should be able to identify and describe the main company law principles underlying business transactions carried out by an agent and the significance of these principles in the commercial world.
2. Students should be able to identify and describe the main legal principles underlying business vehicles, such as partnerships and companies, and explain in what situations they are commercially advantageous.
3. Students should be able to describe how the company is internally organized and its relations to outsiders.
4. Students should be able to describe the legal duties of corporate managers and advisors to shareholders, creditors and other stakeholders and their ramifications in different scenarios.
Company Law for business students will provide an overview of the various vehicles businesses may adopt to carry on their activities and their relative advantages and disadvantages. The lectures provide the legal background which will allow students to describe and evaluate the legal implications of incorporation for all the parties concerned for registered companies (and partnerships) which operate in England & Wales.
The areas of law examined in this module will be of assistance to students intending to pursue careers in law, accountancy, business management, financial services and related occupations.
- Business Vehicle: sole traders, partnerships, limited liability partnerships and companies.
- Legal Status of Companies: the concept of separate legal personality.
- Company Formation and Classification: The dissolution of a Company, pre-incorporation contracts.
- The Company Constitution: the memorandum of association and articles of association.
- The Contractual Capacity of the Company: Agency, ultra vires and directors' authority.
- The Organs of the Company: the general meetings of shareholders and the board of directors and the division of power between the shareholders and directors.
- Directors' Duties.
- Auditors and the Company Secretary: their role and functions within the company.
- Share Capital and Loan Capital.
- The Protection of Minority Shareholders.
This module is at CQFW Level 6