LEGL101 - Introduction to Business Law: Legal Frameworks for Businesses

10 cp
Prerequisites Nil
Teaching Organisation 3 hours per week for twelve weeks or equivalent.

Business law, also called commercial law, is a term which potentially includes anything that directly or indirectly concerns the central activity of commerce, ie the exchange of goods and services. As most commercial exchanges of goods and services are based on contract, the law of contract is at the heart of business law. In addition to the principles of business law, a basic knowledge of the principles of property law is also required because the exchange of goods involves a transfer of title from seller to buyer. This unit introduces students to the basic principles of law, particularly as they relate to business, and examines this through two fundamental commercial activities, setting up a business and doing business.