In this module students will study the legal framework within which business organisations operate, and other legal concepts such as contract including employment, negligence and other delictual responsibilities, insolvency and the regulatory environment in which businesses must operate.
The aim of this module is to provide the student with a clear understanding of core legal concepts and a clear understanding of the legal nature of business organisations and their regulation.
By the end of this module the student should be able to:
1. Demonstrate an understanding of the sources of law in Scotland and England, including the impact of the Human Rights Act 1998 and European law.
2. Explain the fundamental principles which govern the law of contract and the law of delict.
3. Demonstrate and understanding of employment law in relation to employment contracts, redundancy and dismissal.
4. Explain the principles relating to the laws of agency, partnership and company incorporation, with a focus on the formation and management of companies.
5. Explain the principles of the law of insolvency.
1 Legal Systems
The nature of law; the distinction between civil and criminal law; the Scottish and English legal systems; the structure of the courts in Scotland and England; sources of law in the United Kingdom; European Union law and Institutions; Human Rights Act 1998; Scotland Act 1998
2 Law of Obligations – Contract, Employment and Delict
Nature and formation of contract; validity; contract terms; restrictive covenants; electronic contracts; breach of contract; remedies; employment contracts; dismissal from employment; redundancy; nature of delict; elements of negligence; causation; defences; professional negligence
3 Agency, Partnership and Incorporation
Creation of agency relationship and authority; relationship between agents and third parties; definition of partnership; relationship between partners and third parties; formation and constitution of companies; separate legal personality; lifting the corporate veil; minority protection
4 Management of companies
Directors and their duties; company officers and their responsibilities including auditors and secretaries; company meetings; resolutions; records; Bribery Act 2010; corporate criminal and fraudulent behaviour
5 Corporate Finance
Types, features and classes of share capital; issuing, allotting, paying and transferring shares, including to the general public; London Stock Exchange; dividends; loan capital; capital maintenance rules; debt finance;
Administration; receivership, including fixed and floating charges; liquidation.
Statement on Teaching, Learning and Assessment
The module is for non-law students and is delivered by lectures and tutorials. In the lecture groups quizzes and working in pairs and small groups provides for interaction. The learning materials on Blackboard include quizzes to allow students to monitor their own progress. For tutorials students are required to prepare in advance from reading lists provided by the tutor and to participate in the problem solving exercises used to contextualise and develop the concepts which are introduced in lectures. This will ensure that 60% of learning is enquiry based. The feedback exercise will be a mock exam which takes place at the same time as the lecture and tutorial slot for the class during the structured feedback week.
Teaching and Learning Work Loads
|Supervised Practical Activity||0|
|Unsupervised Practical Activity||0|
Credit Value – The total value of SCQF credits for the module. 20 credits are the equivalent of 10 ECTS credits. A full-time student should normally register for 60 SCQF credits per semester.
We make every effort to ensure that the information on our website is accurate but it is possible that some changes may occur prior to the academic year of entry. The modules listed in this catalogue are offered subject to availability during academic year 2017/18 , and may be subject to change for future years.