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CO5121 - Law of Business Organisations

Credit points: 3
Year: 2021
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

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.
Prerequisites: CO5119 OR LB5004
Inadmissible
Subject
Combinations:
CO5221 CO5112

Availabilities

External, Study Period 7
Census Date 08-Jul-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 0 hours
  • assessment and self-directed study

JCU Singapore, Internal, Study Period 53
Census Date 02-Dec-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
  • assessment and self-directed study

JCU Singapore, Internal, Study Period 52
Census Date 05-Aug-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
  • assessment and self-directed study

JCU Brisbane, Internal, Study Period 21
Census Date 08-Apr-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
  • assessment and self-directed study

JCU Brisbane, Internal, Study Period 22
Census Date 05-Aug-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
  • assessment and self-directed study

JCU Brisbane, Internal, Study Period 23
Census Date 09-Dec-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
  • assessment and self-directed study

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.