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 |
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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 |
6 |
6 12 12 |
36 | ||||
Timetable (if known) |
60 mins X 1 totaling 12
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60 mins X 1 totaling 12
120 mins X 2 totaling 48 60 mins X 1 totaling 12 |
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Private Study | 114 | ||||||
TOTAL HOURS | 150 |
Assessment |
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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: 1.5 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applie | 1.5 hours | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Individual Presentation Assessment Type: Presentation Duration: 5 minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Ano | 5 minutes | 20 |
Aims |
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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. |
Learning Outcomes |
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(LO1) Identify the essential sources of English law. |
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(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. |
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(LO3) Explain and apply the law employment relationships, including the consequences of an employee being dismissed or made redundant. |
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(LO4) Distinguish between alternative forms and constitutions of business organizations, including companies, partnerships, limited liability partnerships. |
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(LO5) Describe and explain how companies are formed, managed, administered and regulated. |
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(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. |
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(S1) Problem solving skills |
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(S2) Commercial awareness |
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(S3) Organisational skills |
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(S4) Communication skills |
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(S5) Lifelong learning skills |
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(S6) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Method: Online Asynchronous Learning Materials Teaching Method: Large Group Teaching Teaching method: Seminars Teaching Method: Group Study Self-Directed Learning Hours: 114 Skills/Other Attributes Mapping Skills / attributes: Ethical awareness Skills / attributes: Lifelong learning skills Skills / attributes: Communication skills Skills / attributes: Organisational skills Skills / attributes: Commercial awareness Skills / attributes: Problem solving skills |
Syllabus |
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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 |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |