CO5121 - Law of Business Organisations
| Credit points: | 03 |
| Year: | 2011 |
| 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
- 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: | CO5119 OR LB5004 |
| Inadmissible Subject Combinations: | CO5221 CO5112 |
Availabilities | |
| Townsville, Block, Study Period 10 | |
| Census Date 08-Dec-2011 | |
| Non-standard start/end 22-Oct-2011 to 06-Jan-2012 | |
| Face to face teaching 22-Oct-2011 to 20-Nov-2011 (22/23 Oct, 5/6 Nov, 19/20 Nov) | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
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| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject. |
| Townsville, Internal, Study Period 1 | |
| Census Date 24-Mar-2011 | |
| Coordinator: | Professor Stephen Graw |
| Lecturer: | Assoc. Professor Thomas Middleton. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject. |
| Cairns, Block, Study Period 7 | |
| Census Date 07-Jul-2011 | |
| Face to face teaching 02-Jul-2011 to 24-Jul-2011 (2/3 July, 16/17 July and 23/24 July) | |
| Coord/Lect: | Dr Helen Sungaila. |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject. |
| JCU Brisbane, Internal, Study Period 22 | |
| Census Date 11-Aug-2011 | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject. |
| JCU Brisbane, Internal, Study Period 21 | |
| Census Date 14-Apr-2011 | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject. |
| JCU Brisbane, Internal, Study Period 23 | |
| Census Date 08-Dec-2011 | |
| Coordinator: | Dr Louise Floyd |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); quizzes or tests (20%); assignments (20%). |
| Special Assessment Requirements: | Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject. |
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.