Module details for Business Transactions


Communication|Problem Solving|Research|Planning|Professionalism


To identify and examine the principles of Scots commercial law, consumer law and finance as they relate to business and consumer transactions.

Learning Outcomes

By the end of this module the student should be able to:

1.  Demonstrate knowledge and understanding of the principles and transactions of commercial law and consumer law in Scotland

2.  Formulate structured written answers to defined commercial and consumer law issues

3.  Provide written advice for hypothetical clients on consumer and/or commercial law problems

4.  Demonstrate a clear understanding of the way in which commercial and consumer law operate to promote good business practice

Indicative Content

1 Sale and supply of goods and services to businesses

Contract of sale and related contracts to businesses: implied terms, transfer of property and risk, breach and remedies, operation of the Sale of Goods Act 1979,Supply of Goods and Services Act 1982 and the Unfair Contract Terms Act 1977

2 Sale and supply of goods and services to consumers:

Consumer Rights Act 2015, Consumer Protection Act 1987, Consumer contracts regulations

3 Rights in Security

Rights in security over moveables, lien, pledge, hypothec, standard securities, floating charges, guarantees and cautionary obligations.

4 Debt recovery and personal insolvency

Diligence: attachment inhibition, arrestment, adjudication and money attachment. Personal insolvency and the Bankruptcy (Scotland) Act 2016.

5 Insurance

The common law of insurance: operation of the Third Parties (Rights against Insurers) Act 2010, the Consumer Insurance (Disclosures and Representations) Act 2010, the Insurance Act 2015

6 Consumer credit and consumer finance

Consumer Credit Act 1974, hire purchase, loans, banking practice, mortgages, personal savings and investments, pensions, stocks and shares, basic rules of taxation and money laundering

7 Arbitration and ADR

ADR forms such as negotiation, mediation and arbitration. Arbitration in Scotland: Arbitration (Scotland) Act 2010

Teaching and Learning Work Loads

Teaching and Learning Method Hours
Lecture 26
Tutorial/Seminar 13
Practical Activity 0
Assessment 40
Independent 121
Total 200

Guidance notes

SCQF Level - The Scottish Credit and Qualifications Framework provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

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 2021/22 , and may be subject to change for future years.