James Cook University Subject Handbook - 2022
For subject information from 2025 and onwards, please visit the new JCU Course and Subject Handbook website.
CO5121 - Law of Business Organisations
| Credit points: | 03 |
| Year: | 2022 |
| Student Contribution Band: | Band 4 |
| Prerequisites: | CO5119 OR LB5004 |
| Administered by: | College of Business, Law & Governance (pre 2023 PCS) |
Subject Description
- 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
- effectively explain the law that regulates partnerships and corporations within Australia both orally and in writing
- research and critically analyse the legal obligations and requirements of partnerships and corporations
- use intellectual independence and creative judgement in applying the law that regulates partnerships and corporations to develop effective responses to a range of legal issues and to solve legal problems
Subject Assessment
- Written > Examination (centrally administered) - (60%) - Individual
- Written > Essay (including multi-draft) 1 - (30%) - Individual
- Tutorial participation - (10%) - Individual
Note that 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.
Inadmissible Subject Combinations: CO5221 CO5112
Availabilities
JCU Brisbane, Trimester 1, Internal | |
| Census date: | Thursday, 10 Mar 2022 |
| Study Period Dates: | Monday, 14 Feb 2022 to Saturday, 14 May 2022 |
| Coordinator(s): | Assoc. Professor Louise Floyd |
| Lecturer(s): | DR Kelvin Kuan |
| Workload expectations: | The student workload for this 3 credit point subject is approximately 130 hours.
|
JCU Brisbane, Trimester 2, Internal | |
| Census date: | Thursday, 23 Jun 2022 |
| Study Period Dates: | Monday, 30 May 2022 to Saturday, 27 Aug 2022 |
| Coordinator(s): | Assoc. Professor Louise Floyd |
| Lecturer(s): | DR Kelvin Kuan |
| Workload expectations: | The student workload for this 3 credit point subject is approximately 130 hours.
|
JCU Brisbane, Trimester 3, Internal | |
| Census date: | Thursday, 06 Oct 2022 |
| Study Period Dates: | Monday, 12 Sep 2022 to Saturday, 10 Dec 2022 |
| Coordinator(s): | Assoc. Professor Louise Floyd |
| Lecturer(s): | DR Kelvin Kuan |
| Workload expectations: | The student workload for this 3 credit point subject is approximately 130 hours.
|
Study Period 7, External | |
| Census date: | Thursday, 07 Jul 2022 |
| Study Period Dates: | Monday, 20 Jun 2022 to Friday, 22 Jul 2022 |
| Coordinator(s): | Assoc. Professor Louise Floyd |
| Lecturer(s): | Assoc. Professor Louise Floyd |
| Workload expectations: | The student workload for this 3 credit point subject is approximately 130 hours.
|