Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Business Law and Taxation
OfferedSouth Africa First semester 2014 (Day)
Coordinator(s)Mr Benjamin Kujinga


An examination of business entities law at an advanced level, with emphasis on the law of partnership, company law, the law of close corporations and the law of business trusts. An examination will also be made of the law relating to specific contracts, e.g. contracts of purchase, sale and lease, property transactions and credit agreements. The law pertaining to suretyship, mortgage and pledge will be examined as will the law of agency.


The learning goals associated with this unit are to:

  1. identify and describe various forms of business enterprises in South Africa
  2. provide basic legal advice regarding the choice of business form
  3. discuss, analyse and give advice on the legal structure of the partnership, company, close corporation and business trust
  4. explain and give advice on the rights and duties of the different roleplayers in the partnership, company, close corporation and business trust
  5. describe the basic common law doctrines/principles governing the various forms of business enterprises
  6. analyse and explain the interaction between the statutory law and common law in terms of the various business forms
  7. explain the effect of recent court decisions regarding the various business forms
  8. analyse a given practical situation in terms of the statutes and common law regarding the various business forms
  9. relate and interpret various sections of the statutes that affect each other.


Within semester assessment: 30 %
Examination: 70%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester