6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
- First semester 2017 (Day)
- Second semester 2017 (Day)
This unit examines 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 relevant legal aspects relating to corporate governance with specific emphasis on the role and duties of directors. The law pertaining to auditors and their role in a business entity will be examined as will the law relating to financial reporting and the keeping of financial records by business entities.
The learning goals associated with this unit are to:
- identify and describe various forms of business enterprises in South Africa
- provide basic legal advice regarding the choice of business form
- discuss, analyse and give advice on the legal structure of the partnership, company, close corporation and business trust
- explain and give advice on the rights and duties of the different role-players in the partnership, company, close corporation and business trust
- read, analyse and explain the principles of business law from case law and relevant legislation law in terms of the various business forms
- explain the effect of recent court decisions regarding the various business forms
- analyse a given practical situation in terms of the statutes and common law regarding the various business forms
- identify legal problems and apply them to practical problems and provide legal solutions.
Within semester assessment: 30 % + Examination: 70%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information