LAW4701 · Commercial transactions

Overview

The unit provides an overview of legal structures and mechanisms available for the establishment and operation of businesses. It compares the available business structures including sole trader, incorporation and partnership, with a focus on partnership law. Measures for obtaining finance and ensuring payment are examined in the context of the use of negotiable instruments, and securitisation under the Personal Property Security Act 2009 (Cth). Measures for risk mitigation are examined in the context of the essential principles of insurance law. Other topics examines are the operation of the Goods Act, the Sale of Goods (Vienna Convention) Act and the law applying to intermediaries such as agents.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. Identify facts that give rise to legal issues in the context of commercial transactions;
2. Critically assess policies and principles, including regulatory strategies, to promote a fair and efficient marketplace and community;
3. Provide practical, considered and commercially relevant legal advice in relation to a range of legal issues related to commercial transactions;
4. Apply intellectual and practical skills to interpret, synthesise and apply legislative provisions and case law;
5. Communicate in ways that are effective, appropriate and persuasive;
6. Evaluate the role of law in regulating and facilitating commercial transactions.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Student experience, not official rules. Nothing here changes what the Handbook says.