ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title BUSINESS LAW
Code ACFI211
Coordinator Mrs GC Waddell
Finance and Accounting
Gayle.Waddell@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 5 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours           12

12

24

48
Timetable (if known)           60 mins X 1 totaling 12
120 mins X 2 totaling 48
60 mins X 1 totaling 12
 
 
Private Study 102
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies   2 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

To provide students with a foundation in legal institutions in English law as well as a general, non-specialist introduction to areas of English law that is particularly pertinent and relevant to accounting and finance.
The student will gain a general knowledge of how the English legal system has evolved and will be introduced to key elements of English law including: basic contract law; agency law; the tort of negligence, and data protection. We will go on to study a number of different aspects of company law, including formation, administration, regulation, loan and capital financing. In addition we will consider insolvency and the criminal law as it relates to companies, including fraud, money-laundering and whistle-blowing.


Learning Outcomes

(LO1) Identify the essential sources of English law.

(LO2) Understand what constitutes a contract and what happens when one party fails to complete his or her part of the contract; the legal principles relevant to where an agent acts on behalf of a principal; negligence and its relevance in the giving of professional advice.

(LO3) Explain and apply the law employment relationships, including the consequences of an employee being dismissed or made redundant.

(LO4) Distinguish between alternative forms and constitutions of business organizations, including companies, partnerships, limited liability partnerships.

(LO5) Describe and explain how companies are formed, managed, administered and regulated.

(LO6) Recognise the legal implications relating to companies in difficulty or in crisis. This will include an understanding of insolvency law, as well as areas of criminal law, including money laundering, fraud, whistle blowing, and the regulation of personal data.

(S1) Problem solving skills

(S2) Commercial awareness

(S3) Organisational skills

(S4) Communication skills

(S5) Lifelong learning skills

(S6) Ethical awareness


Teaching and Learning Strategies

Teaching Delivery: Mixed, hybrid delivery with social distancing on campus

Teaching Method: Online Asynchronous Learning Materials
Description: 24 hours of lecture resources to be provided for students through podcasts and recordings. Provided as 2 hours per week, for 12 weeks.
Unscheduled Directed Student Hours: 24
Attendance Recorded: No

Teaching method: Workshops
Description: 12 hours of workshops looking at application of knowledge
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 102

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: Lectures and seminars
Mode of assessment (i f applicable): Assessment 1

Skills / attributes: Lifelong learning skills
How this is developed: Lectures and seminars
Mode of assessment (if applicable): Assessment 1

Skills / attributes: Communication skills
How this is developed: Lectures and seminars
Mode of assessment (if applicable): Assessment 1

Skills / attributes: Organisational skills
How this is developed: Lectures and seminars
Mode of assessment (if applicable): Assessment 1

Skills / attributes: Commercial awareness
How this is developed: Lectures and seminars
Mode of assessment (if applicable): Assessment 1

Skills / attributes: Problem solving skills
How this is developed: Lectures and seminars
Mode of assessment (if applicable): Assessment 1


Syllabus

 

Introduction to English Law, the English legal system and European Law;

Elements of contract law, including formation considerations and electronic contracts;

Terms and conditions of contracts;

Breach of contract and remedies for breach;

The law of agency and an introduction to the tort of professional negligence;

Employment law, including unfair dismissal and redundancy considerations;

Business organisations, including partnerships, limited liability partnerships and the different types of company;

The formation, administration and regulation of companies, and in particular the duties of directors;

The different types of company capital and finance;

Insolvency, the different types of insolvency and the remedies available in the event of insolvency;

The company and the criminal law, including considerations of fraud, money-laundering, bribery and whistle-blowing, and the regulation of personal data.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.