LAWS5508 Commercial and Company Law

6 points
(see Timetable)
Semester 2UWA (Perth)Face to face
This unit is built upon the foundation of the Australian legal system. It examines the rights and potential liabilities associated with contemporary commercial decision making through the respective prisms of the law of contract, the law of tort, and corporations law—particularly as the law relates to the accounting profession. The exploration of this law includes both common law and statutory perspectives. The unit includes the development of Australian law business legal structures, the law of tort and the accounting profession, intention to create legal relations and formation of contract, implied and express terms of contract, vitiating factors in contract, breach and remedies in contract, Australian evolution of corporations law, limited liability and separate legal entity, debt and equity, directors' duties, rights and remedies of members, and financial reporting and disclosure.
Students are able to (1) describe the key elements of the Australian legal system; (2) identify key features of contract formation and the discharge of a contract; (3) summarise the regulatory framework of corporations in Australia; (4) apply relevant rights and responsibilities stemming from the law of contract in the context of contemporary commercial decision making; (5) evaluate the tension between commercial risk-taking and the tort of negligence; (6) critically evaluate the legal challenges presented by the corporations law for the contemporary business professional; and (7) demonstrate legal reasoning by use of analysis and communication skills in a commercial context.
Indicative assessments in this unit are as follows: (1) essay and (2) examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Associate Professor David Hodgkinson
Contact hours
lectures: 3 hours per week
This unit is for Master of Professional Accounting students only. It is not available to postgraduate law students, who should take LAWS5541 Corporate Finance and Securities Regulation (formerly LAWS8541 Corporate Finance and Securities Regulation) instead.

Turner, C. and Gamble, R. Concise Australian Commercial Law: Thomson Reuters 2013 (or latest edition)

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