Student may be offered supplementary assessment in this unit if they meet the eligibility criteria. Further information is available in the unit outline. Indicative assessments in this unit are as follows: (1) tutorial participation (2) assignment and (3) examination. Students are able to (1) demonstrate their knowledge of the legal framework that is applicable to companies and relevant stakeholders (2) identify the issues that arise when a transaction is carried out by a company and/or its directors and apply the relevant legal rules to resolve them and (3) demonstrate the ability to produce clear and concise written and oral communication in a legal context. Level 2 core unit in the Business Law major sequence.The unit also covers the potential liability of auditors, receivers and liquidators to the company for breach of their duties. The provisions of the legislation are interpreted and supplemented by an extensive body of case law. The law governing the formation and dissolution of companies and regulating their activities is largely contained in the Corporations Act 2001 (Commonwealth). The limited liability company is the most important form of legal association in use in the commercial world. Unit Overview Description This unit enables students to understand the legal framework that is applicable to a company and the people involved with companies.
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