About the course

This course is designed to provide students with an understanding of the legal aspects of business organisations. Particular emphasis is given to limited liability companies, and partnerships. Students should also gain an introductory understanding of the law on offering securities to the public, investment advisers, insider trading, market manipulation, and takeovers.

The course requires students to use skills learned in a prerequisite course to:

• Interpret statutory provisions and apply them to fact situations.
• Apply rules derived from cases.
• Write essays.

This course is available in the following programme(s):

OP6209 Diploma in Records and Information Management Level 6
OP7001 Bachelor of Business
OP7010 Bachelor of Applied Science (elective)
OP7020 Bachelor of Arts (elective)
OP7203 Graduate Diploma in Professional Accounting Level 7

What's in the course

• Types of business organisation
• Partnerships
• Creation, structure and liquidation of a company
• Directors of companies
• The role of a shareholder in a company
• Legal aspects of raising finance.

What students learn

• Describe the legal nature of a company and critically evaluate the consequences of incorporation, including directors’ duties, shareholders’ rights, and the relationship with creditors; and apply the provisions of the Companies Act 1993 together with relevant case law to common situations.
• Apply the provisions of the Partnership Act 1908 and Limited Partnerships Act to common situations, and distinguish a partnership from a joint venture, and from other forms of ownership.
• Demonstrate an appreciation of securities and takeover law (but excluding the Fair Trading Act 1986 and Commerce Act 1986).

Prerequisite

71110 Introduction to Law

Assessment

In-course work 40%
Examination 60%

Fees

New Zealand Student Fee    $588.00

Additional Fee Information

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