LA3106 - Company and Partnership Law
| Credit points: | 03 |
| Year: | 2019 |
| Student Contribution Band: | Band 3 |
| Administered by: |
This subject provides students with the knowledge of partnership and corporations law that is required for admission to practice as a legal practitioner 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.
| Prerequisites: | (LA1105 or LA2011) and (LA1106 or LA2012) |
| Inadmissible Subject Combinations: | BU2112 BX2112 LA3002 LA3015 LA3016 |
Availabilities | |
| Townsville, , Study Period 1 | |
| Census Date 28-Mar-2019 | |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (% - 40%); on-course assessment will be worth 40% of final marks and may consist of any or a combination of the following: assignment; class test; tutorial participation (% - 40%). |
| Townsville, , Study Period 7 | |
| Census Date 11-Jul-2019 | |
| Face to face teaching (9am-1pm: Monday-Friday (8-12 July) & 9am-1pm: Monday-Thursday (15-18 July). Townsville students to participate via video-conferencing only.) | |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (% - 40%); on-course assessment will be worth 40% of final marks and may consist of any or a combination of the following: assignment; class test; tutorial participation (% - 40%). |
| Cairns, , Study Period 1 | |
| Census Date 28-Mar-2019 | |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (% - 40%); on-course assessment will be worth 40% of final marks and may consist of any or a combination of the following: assignment; class test; tutorial participation (% - 40%). |
| Cairns, , Study Period 7 | |
| Census Date 11-Jul-2019 | |
| Face to face teaching (9am-1pm: Monday-Friday (8-12 July) & 9am-1pm: Monday-Thursday (15-18 July)) | |
| Contact hours: |
|
| Assessment: | end of semester exam (60%); (% - 40%); on-course assessment will be worth 40% of final marks and may consist of any or a combination of the following: assignment; class test; tutorial participation (% - 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.