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LA3106 - Company and Partnership Law

Credit points: 3
Year: 2014
Student Contribution Band: Band 3
Administered by: School of Law Office (pre 2015)

This subject provides students with the knowledge of partnership and corporations law that is required for admission to practice as a legal practioner 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, Internal, Study Period 1
Census Date 27-Mar-2014
Coordinator: Assoc. Professor Justin Dabner
Lecturer: Assoc. Professor Louise Floyd.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
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, Internal, Study Period 1
Census Date 27-Mar-2014
Coord/Lect: Assoc. Professor Justin Dabner.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
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.