To enable the student to understand and appreciate all legal issues relating to company formation, management, corporate governance and business decisions and be able to apply them in real situation.
Learning Outcomes
At the end of the course the student should have the ability to:
Understand the legal requirements for incorporating a Company
Comply with the requirements of the Company Acts
Discuss the roles and responsibilities of Company Directors
Appreciate the difference between Company ownership and Management
Deal with liquidation, amalgamations and capital restructuring
Explain the rights and duties attached to the employer-employee relationship.
Outline the principal legislative acts affecting the employer-employee relationship.
Describe the creation, obligations and termination of principle-agent relationships.
Discuss third-party liability in the context of principle-agent, and employer-employee relationships.
List and describe the forms of sole proprietorship and partnership.
Outline the areas of government regulation of business and describe how they are enforced.
Explain basic legal concepts of property, including acquisition, forms of ownership, and restrictions on use.
Describe types of tenancy and the nature and elements of a lease.
Describe the process of buying and selling real property and transfer of title.
Define and explain the requirements and creation of bailments.
Describe the specific types, rights and responsibilities attached to bailments.
Define and describe the elements of property and personal insurance.
Outline and discuss regulations concerning consumer protection.
Outline and discuss regulations concerning borrower and creditor protection.
Analyze and interpret case facts involving issues in business law and determine appropriate legal remedies.
Course Contents
Fundamentals of Company Formation The Nature of a Company
Promotion and Incorporation
The Memorandum of Association
The Articles of Association
The Company and its Contracts
Capital Structure
The Capital of a Company
Company Distributions
Floating the Company
Shares and Shareholders
Types and Characteristics of Shares
The Transfer and Transmission of Shares
Payment for Shares
Insider Dealing
Membership - Capacity, Registration, Substantial and Nominee Holdings, Annual Return
Minority Protection
Directors
Financial Arrangements with Directors
Fair Dealing by Directors
The Duties of Directors
Vacation of Office
Disqualification and Personal Liability of Directors
Company Management
Meetings and Resolutions
Debentures and Charges
Accounts and Audit
