Unit Outline
BFA141
Commercial Transactions
Shanghai Semester 1, 2024
Rene Kling
Tasmanian School of Business & Economics (TSBE)
College of Business and Economics
CRICOS Provider Code: 00586B

Unit Coordinator
Rene Kling
Email: Rene.Kling@utas.edu.au
 

What is the Unit About?
Unit Description
Commercial transactions provides an introduction to the Australian legal system, which considers sources of law such as Parliament and the courts, the Federal system, the legislative process, precedent, alternative dispute resolution, an introduction to the law of torts, the law of contract, consumer protection and trade practices law, agency law, introduction to various forms of business organisations including sole traders, partnerships, trusts and corporations, employment law, intellectual property and electronic security.
This unit will also cover select aspects of the Chinese legal and judicial systems, in addition to the Law of Contracts, the Law of Torts, Consumer Law and Partnership Law.
Intended Learning Outcomes
As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.
On completion of this unit, you will be able to:
1.
Explain general legal knowledge of key principles underpinning business law.
2.
Apply knowledge of business law to business contexts.
3.
Justify and communicate arguments, concerning legal issues related to the management of business.
Alterations as a result of student feedback
To be determined.
 
 

How will I be Assessed?
 
For more detailed assessment information please see MyLO.
Assessment schedule
ASSESSMENT TASK #
ASSESSMENT TASK NAME
DATE DUE
WEIGHT
LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:
Tests (x2)
See the MyLO site for the due date
20 %
LO1, LO2
Assessment Task 2:
Case Study
Week 11
30 %
LO1, LO2, LO3
Assessment Task 3:
Workbook
Week 12
10 %
LO1, LO2, LO3
Assessment Task 4:
Take-home Examination
Exam Period
40 %
LO1, LO2, LO3
 
Assessment details
Assessment Task 1: Tests (x2)
Task Description:
Two online tests. Due in Week 5 and Week 8.
See MyLO for due dates.
Task Length:
Two tests, each taking 45 minutes.
Due Date:
See the MyLO site for the due date
Weight:
20 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Identify and explain key principles underpinning national legal systems.
LO1
2
Identify and explain sources of business law and how that law is made.
LO1
3
Identify and interpret legislation, cases, and/or principles of business law.
LO2
4
Apply legislation, cases, and/or principles of business law in business contexts.
LO2
 
Assessment Task 2: Case Study
Task Description:
Students will be asked to advise parties (including the possible remedies available) based on the facts of a hypothetical real-world legal problem.
Students will be required to present their answer using the PIRAC method (Parties; Issues; Rules; Application; Conclusion).
Task Length:
2000 words
Due Date:
Week 11
Weight:
30 %
 

 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Identify and explain key principles underpinning national legal systems.
LO1
2
Identify and explain sources of business law and how that law is made.
LO1
3
Identify and interpret legislation, cases, and/or principles of business law.
LO2
4
Apply legislation, cases, and/or principles of business law in business contexts.
LO2
5
Justify arguments using the principles of business law, cases, and legislation.
LO3
6
Communicate arguments in a written format following specified referencing conventions.
LO3
 
Assessment Task 3: Workbook
Task Description:
Students are required to attempt all the questions set from Weeks 3 to 11 in the Tutorial Guide and to record their answers in a Workbook to be shown to their Tutor at the commencement of each assessable Tutorial. The Workbook is to be submitted in a single Word document via MyLO on the due date.
Task Length:
No prescribed length.
Due Date:
Week 12
Weight:
10 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Identify and explain key principles underpinning national legal systems.
LO1
2
Apply legislation, cases, and/or principles of business law in business contexts.
LO2
3
Justify arguments using the principles of business law, cases and legislation.
LO3
4
Communicate answers in written format.
LO3
 
Assessment Task 4: Take-home Examination
Task Description:
This take-home examination includes both theory and extended response questions.

The theory questions include knowledge, application and problem-solving questions designed to assess your knowledge of business law principles.

Extended response questions can include a combination of theory and practical case scenario-based questions. All extended response questions focus on application of concepts and theories from the Unit material to solve given problems,

Further details regarding the Exam will be available on MyLO from Week 11.
Task Length:
12 hours
Due Date:
Exam Period
Weight:
40 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Identify and explain key principles underpinning national legal systems.
LO1
2
Identify and explain sources of business law and how that law is made.
LO1
3
Identify and interpret legislation, cases, and/or principles of business law.
LO2
4
Apply legislation, cases, and/or principles of business law in business contexts.
LO2
5
Justify arguments using the principles of business law, cases and legislation.
LO3
6
Communicate arguments in a written format following specified referencing conventions.
LO3
 

 
 
 

How your final result is determined
To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.
Submission of assignments
Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.
Academic integrity
Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see
Important Guidelines & Support.
Requests for extensions
If you are unable to submit an assessment task by the due date, you should apply for an extension.
 
A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.
 
The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.
Late penalties
Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.
Review of results and appeals
You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.
 
 

 
 

Required Resources
Required reading materials
You will need the following text:
A Gibson & S Osborne, 2020, Business Law, 11th edn, Pearson Australia (ISBN: 9781 488620737)
or
A Gibson, 2018, Business Law, 10th edn, Pearson Australia (ISBN: 9781488611803)

You will also be required to access readings on Chinese law available on MyLO.
 
Recommended reading materials
 
 
Other required resources