Business and technology qualifications, Levels 3-6, in Brussels. Explore qualifications
Portal login

Business Law

LAW406

Course CodeLAW406
ECTS

Course Description

This unit aims to inform learners about the requirements and structures of various types of business. The formation and dissolution of partnerships, limited liability partnerships and companies will be a focus of the unit. Learners will also be introduced to the concepts of unlimited liability and limited liability, as they apply to the various business organisations studied. The unit will also provide information on the agency powers specific to various business structures, along with associated liabilities.

Course Objectives

This unit aims to inform learners about the requirements and structures of various types of business. The formation and dissolution of partnerships, limited liability partnerships and companies will be a focus of the unit. Learners will also be introduced to the concepts of unlimited liability and limited liability, as they apply to the various business organisations studied. The unit will also provide information on the agency powers specific to various business structures, along with associated liabilities.

Key Topics

  1. LO1: Understand the principles of partnership law.
  2. LO2: Understand how to form a company.
  3. LO3: Understand the agency powers created within Limited Liability Partnerships and Companies.

Course Outline

WeekTopics
1Sole traders and partnerships under the Partnership Act 1890
2Forming a partnership, partnership agreements and dissolution
3Limited Liability Partnerships under the LLP Act 2000: separate personality, formation and dissolution
4Company registration
5Separate legal personality, the doctrine of incorporation and lifting the veil
6Directors: de facto, shadow and managing directors
7Creating agency: express and implied authority, ratification, apparent authority
MidtermMidterm evaluation
9Partners as agents of the firm: actual and usual authority, vicarious liability
10Members of an LLP and company directors as agents; holding out and estoppel
11Resolving partnership, LLP and company disputes; obtaining legal advice and support
12Applying Business Law in practice: case studies
13Assignment workshop: research, planning and referencing
14Assignment workshop: drafting, feedback and improvement
15Review and coursework completion
FinalFinal assessment and submission

Learning Outcomes

  1. LO1 Understand the principles of partnership law.
  2. 1.1 Explain different types of partnership.
  3. 1.2 Describe the concept of limited and unlimited liability.
  4. 1.3 Explain how partnerships are formed and terminated.
  5. 1.4 Define the powers and liabilities of partners.
  6. 1.5 Analyse the formalities of forming and dissolving a Limited Liability Partnership.
  7. LO2 Understand how to form a company.
  8. 2.1 Explain the formal requirements of company registration.
  9. 2.2 Describe the difference between private and public companies.
  10. 2.3 Analyse the doctrine of incorporation.
  11. 2.4 Explain when the veil of incorporation may be lifted.
  12. 2.5 Evaluate the role of company directors.
  13. LO3 Understand the agency powers created within Limited Liability Partnerships and Companies.
  14. 3.1 Describe the ways in which an agency relationship may be created.
  15. 3.2 Explain the powers and authority of an agent.
  16. 3.3 Evaluate the agency powers and liabilities of a partner in a partnership.
  17. 3.4 Evaluate the agency powers of a partner in a limited liability partnership.
  18. 3.5 Analyse the agency powers and liabilities of a company director.
  19. 3.6 Recommend legal solutions for resolving a range of disputes, using examples to demonstrate how a party might obtain legal advice and support.
Back to programme
Scroll