This module examines the legal framework within which business organisations operate.
To identify and examine the principles of Scots commercial law in relation to agency parternships and insolvency as well as corporate law
By the end of this module the student should be able to:
1. Formulate structured and referenced written responses which evaluate conflicting issues to defined corporate law issues
2. Evaluate agency, partnership and companies, and critical assess the factors influencing the choice of business organisation;
3. Critically assess the principles of formation, operation and termination of corporate bodies
4. Demonstrate skills of analysis and synthesis applying legal principles to provide solutions to defined problems in the area of corporate law
1 1. Agency
Creation of agency relationship; authority; relationship between principal and agent, and their relationship to third parties; commercial agents.
2 2. The Law of Partnership
Definition, relationship between partners and between partners and third parties, limited partners, limited liability partnerships.
3 3. Incorporation
Organisation of business in the UK, registration, promoters, separate legal personality, lifting the veil, minority protection.
4 4. Company Officers and Meetings
Directors; role, and duties, Auditors; role and duties. Company Secretary; role and duties.
5 5. Corporate Finance, Insolvency
Raising capital; shares and share capital; the principle of the maintenance of capital, borrowing. Insolvency: administration orders, receivership, liquidation.
Statement on Teaching, Learning and Assessment
The module is delivered by lectorials and tutorials. Lectorials are interactive and students are encouraged to participate in exploring problem scenarios and discussions regarding the subject matter. Students will participate in a programme of lab-based enquiry learning with groups undertaking a variety of practical exercises, including drafting with the focus being on the enterprise cycle of various mediums of business, dealing with the formation of a partnership, the mock creation of a company covering issues such as raising and maintenance of capital and the subsequent insolvency of the entity. Students¿ participation in the programme of enquiry based learning encourages students to identify the differing voices used in academic legal writing, professional voices in relation to clients and those of other professionals. This will ensure that 60% of learning is enquiry based. These sessions will form part of the assessment in this module, together with an examination. Feedback will be provided through Pebblepad+ for portfolio items submitted to that point during 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.