Unit Outline

Corporations have huge economic and legal significance. Given this significance, an understanding of the role of the corporation in society and its relationship to the community, shareholders, creditors, the regulator, and other stakeholders is critical. This unit examines the various types of corporations and contrasts it at a high level from the various other forms of business organisation: the sole trader, partnership, joint venture, and association (the trading trust is considered in LAW401) in order to gain: an understanding of corporations, and the advantages and disadvantages of this business model. Also covered are: the importance of the separate entity doctrine; an appreciation of the legislative and common law regime; a broad understanding of the mechanics involved in the creation, management and dissolution of a corporation as well as the methods of financing the corporation and the responsibilities of directors.

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	Understand the purposes, content and operation of corporations law in the context of current legal and policy issues.
2	Identify the legal issues for corporations and directors within a problem scenario and apply critical legal analysis to answer practical problems.
3	Recognise and reflect upon legal and ethical issues likely to arise in the context of company formation, operation and dissolution by the various stakeholders, and the professional responsibilities of lawyers acting for or on behalf of a company, its directors, or shareholders.
4	Clearly communicate legal arguments and critical legal analysis about corporations law issues to a professional standard.

Requisites


REQUISITE TYPE	REQUISITES
Pre-requisite	50 credit points of Intermediate Law core

Alterations as a result of student feedback

None

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:	Assessment Task 1: Peer and Individual Assignment	See the MyLO site for the due date	25 %	LO1, LO2, LO3, LO4
Assessment Task 2:	Assessment Task 2: Assignment	Week 11	40 %	LO1, LO2, LO3, LO4
Assessment Task 3:	Assessment Task 3: Exam	Exam Period	35 %	LO1, LO2, LO3, LO4

Assessment details

Assessment Task 1: Assessment Task 1: Peer and Individual Assignment

Task Description:

An assignment aimed at engaging the students with each other and the topic early in the semester via active engagement in a paired moot and an individual written submission.

Grade is calculated at 15% for the group and individual moot performance and 10% for the individual submission. Total is 25%

Moot during week 4, Individual submission due week 5

Task Length:

Each side will have eight minutes for submissions and are expected to share this equally between the team. The individual written submission is 1000 words.

Due Date:

See the MyLO site for the due date

Weight:

25 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Group and Individual Assessment	LO1, LO2, LO3, LO4

Assessment Task 2: Assessment Task 2: Assignment

Task Description:

Individual assignment

Task Length:

2,000 (paper), 3 minutes (video)

Due Date:

Week 11

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Individual essay paper written on a set topic with a 3 minute video (not audio file) uploaded which is to provide a summary of the issues, the law and the recommendations for the client.	LO1, LO2, LO3, LO4

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.