LA3106 - Company and Partnership Law

Credit points:	03
Year:	2006
Student Contribution Band:	Band 3
Administered by:

Available to LLB and joint LLB degree students or by permission of Head of School.

This subject provides students with the knowledge of partnership and corporations law that is required for admission to practice as a legal practioner in Australia. Coverage includes the nature and existence of partnerships; partners' duties; partnership property; relations with outsiders; assignment, retirement, expulsion and dissolution; and limited partnerships. It also provides detailed treatment of the types and formation of corporations; the concept of separate legal entity; share capital and membership; lifting of the corporate veil; basic principles of debt and equity finance (securing debt and raising capital); replaceable rules, corporate constitution and the statutory contract; altering the corporate constitution; powers of the board and the general meeting; meetings and statutory validation; directors' duties; capital maintenance and insolvent trading; members' remedies; corporate authority and the indoor management rule; voluntary administration, receivership and liquidations.

Learning Outcomes

• describe the formation and operation of partnerships and companies (including limited partnerships);
• describe the rights, duties and liabilities of partners and those who deal with them;
• describe corporate membership, the process for raising capital, capital maintenance, insolvent trading, voluntary administration, receivership and liquidation;
• describe the relationship between the general meeting, the board and corporate management (including director's duties and member's remedies);
• describe the significance of separate legal entity, authority, the indoor mangement rule and situations in which the corporate veil may be lifted.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The ability to deploy critically evaluated information to practical ends;
• The ability to select and organise information and to communicate it accurately, cogently, coherently, creatively and ethically;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to reflect on and evaluate learning, and to learn independently in a self directed manner;
• The ability to read complex and demanding texts accurately, critically and insightfully;
• The ability to speak and write clearly, coherently and creatively;
• The ability to work individually and independently.

Prerequisites:	LA1101 and LA1102 and LA2011 and LA2012
Inadmissible Subject Combinations:	LA3015

Availabilities
, , Study Period 2
Census Date 08-Sep-2006
Coordinator:	afjhd
Contact hours:	26 hours 12 hours
Assessment:	(60%); (% - 40%); (% - 40%).
, , Study Period 2
Census Date 08-Sep-2006
Coord/Lect:	afjhd.
Contact hours:	26 hours 12 hours
Assessment:	(60%); (% - 40%); (% - 40%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.