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CO5121 - Law of Business Organisations

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 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

  • 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 management rule and situations in which the corporate veil may be lifted.
Prerequisites: CO5119 OR LB5004
Inadmissible
Subject
Combinations:
CO5221 CO5112

Availabilities

Townsville, Block, Study Period 6
Census Date 26-Jun-2014
Face to face teaching 14-Jun-2014 to 06-Jul-2014 (14/15 June, 21/22 June and 5/6 July. All 9am - 5pm each day)
Coord/Lect: Assoc. Professor Louise Floyd.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

Cairns, Block, Study Period 7
Census Date 10-Jul-2014
Non-standard start/end 23-Jun-2014 to 03-Aug-2014
Face to face teaching 05-Jul-2014 to 03-Aug-2014 (Sat 5/7 & Sun 6/7 9am-5pm AND Sat 19/7 & Sun 20/7 9am-5pm AND Sat 2/8 & Sun 3/8 9am-5pm)
Coord/Lect: <Person not found>.
Workload expectations:
  • 36 hours workshops/Seminars - as per the subject study guide
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Singapore, Internal, Study Period 51
Census Date 20-Mar-2014
Coordinator: <Person not found>
Lecturer: Mr Malik Abdul Kader.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Singapore, Internal, Study Period 52
Census Date 17-Jul-2014
Coordinator: <Person not found>
Lecturer: Mr Malik Abdul Kader.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Singapore, Internal, Study Period 53
Census Date 13-Nov-2014
Coordinator: <Person not found>
Lecturer: Mr Malik Abdul Kader.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).
Restrictions: An enrolment quota applies to this offering.

JCU Brisbane, Internal, Study Period 21
Census Date 17-Apr-2014
Coordinator: <Person not found>
Lecturer: Mr Marcus Katter.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Brisbane, Internal, Study Period 22
Census Date 14-Aug-2014
Coordinator: <Person not found>
Lecturer: Mr Marcus Katter.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Brisbane, Internal, Study Period 23
Census Date 11-Dec-2014
Coord/Lect: <Person not found>.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

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.