CO5121 - Law of Business Organisations
| Credit points: | 03 |
| Year: | 2010 |
| Student Contribution Band: | Band 3 |
| Administered by: | School of Law Office |
This subject provides students with the knowledge of partnership and corporations law that is required for admission to membership of the accounting professional bodies in Australia. Coverage includes the nature and existence of partnerships; partners' duties; partnership property; relations with outsiders; assignment, retirement, expulsion and dissolution; limited partnerships. It also provides detailed treatment of 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
- determine the legal obligations of company controllers;
- determine the legal rights and obligations of persons operating partnerships;
- explain the legal requirements relating to the set up and operation of a company;
- explain the methods of terminating a company;
- inform dissatisfied shareholders and other persons dealing with a company of their legal rights and forms of redress.
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 acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
- The ability to speak and write clearly, coherently and creatively;
- The ability to lead, manage and contribute effectively to teams.
| Prerequisites: | CO5119 |
| Inadmissible Subject Combinations: | CO5221 CO5112 |
Availabilities | |
| Townsville, Block, Study Period 5 | |
| Census Date 06-May-2010 | |
| Face to face teaching 08-May-2010 to 06-Jun-2010 (Sat 8/5 & Sun 9/5 9-5pm AND Sat 22/5 & Sun 23/5 9-5pm AND Sat 5/6 & Sun 6/6 9-5pm) | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
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| Assessment: | end of semester exam (60%); (40%). |
| Special Assessment Requirements: | Each student must achieve an overall total of 50% or greater for all invigilated assessment. |
| Cairns, Block, Study Period 7 | |
| Census Date 08-Jul-2010 | |
| Face to face teaching 26-Jun-2010 to 25-Jul-2010 (Sat 26/6 & Sun 27/6 9-5pm AND Sat 10/7 & Sun 11/7 9-5pm AND Sat 24/7 & Sun 25/7 9-5pm) | |
| Coordinator: | Dr Louise Floyd |
| Lecturer: | Dr Helen Sungaila. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Each student must achieve an overall total of 50% or greater for all invigilated assessment. |
| JCU Brisbane, Internal, Study Period 21 | |
| Census Date 15-Apr-2010 | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (40%). |
| Special Assessment Requirements: | Each student must achieve an overall total of 50% or greater for all invigilated assessment. |
| JCU Brisbane, Internal, Study Period 22 | |
| Census Date 12-Aug-2010 | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (40%). |
| Special Assessment Requirements: | Each student must achieve an overall total of 50% or greater for all invigilated assessment. |
| JCU Brisbane, Internal, Study Period 23 | |
| Census Date 09-Dec-2010 | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (40%). |
| Special Assessment Requirements: | Each student must achieve an overall total of 50% or greater for all invigilated assessment. |
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.