COMMLAW 2500 - Commercial Law II

North Terrace Campus - Semester 1 - 2019

This course is designed to provide students with a basic understanding of key aspects of the law relating to business structures including sole traders, partnerships, syndicates, joint ventures, trusts and corporations. The majority of this course is devoted to an examination of corporate law including the concept of corporate personality, the corporate constitution and Replaceable Rules, company contracts, management of companies, directors and other officers, directors and senior management duties, company financial reporting, members' rights and external administration. The course aims to assist students to identify key relevant issues in differing commercial scenarios. This will encompass both theory and practical implementation of the main concepts covered. The course also incorporates selected topics where students are required to provide a critical analysis of the law.

  • General Course Information
    Course Details
    Course Code COMMLAW 2500
    Course Commercial Law II
    Coordinating Unit Adelaide Law School
    Term Semester 1
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Incompatible LAW 2505, LAW 2598
    Assumed Knowledge COMMLAW 1004
    Restrictions Not for LLB students
    Course Description This course is designed to provide students with a basic understanding of key aspects of the law relating to business structures including sole traders, partnerships, syndicates, joint ventures, trusts and corporations. The majority of this course is devoted to an examination of corporate law including the concept of corporate personality, the corporate constitution and Replaceable Rules, company contracts, management of companies, directors and other officers, directors and senior management duties, company financial reporting, members' rights and external administration. The course aims to assist students to identify key relevant issues in differing commercial scenarios. This will encompass both theory and practical implementation of the main concepts covered. The course also incorporates selected topics where students are required to provide a critical analysis of the law.
    Course Staff

    Course Coordinator: Dr Michelle Lim


    Course Website: myuni.adelaide.edu.au

    Semester 2:
    Professor Christopher Symes
    Adelaide Law School
    Ligertwood Building
    North Terrace
    Room 2.23
    Email: christopher.f.symes@adelaide.edu.au


    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes


    On successful completion of this course, students will be able to:

    1.  Identify fundamental legal issues in commercial scenarios and the applicable legislation and partnership law and corporate law principles.
    2. Discuss fundamental legal issues in commercial scenarios and the applicable partnership and corporate legislation
    3.  Apply critical thinking and problem solving skills in relation to given partnership law and corporate law scenarios.
    4.  Communicate information and ideas effectively using academically and professionally relevant language.
    5.  Apply commercial law concepts to authentic and relevant scenarios and problems.
    6.  Identify local legislation online. 

    COMMUNICATION SKILLS

    The continuing development of good interpersonal skills and communication skills is widely regarded as important for all graduates. This course specifically seeks to develop students’ abilities in oral and written communications. It provides opportunities for students to practice in small working groups.

    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1, 3, 4
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    3, 4,5
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    3,4
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1 - 6
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • Able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    1,2, 4
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    3,4,5
  • Learning Resources
    Required Resources
    1.  Students are permitted to take the below textbook(s) into the examination room:

    Chapple E (ed), Company Law: An Interactive Approach
    Publisher: Wiley
    Edition: 2017
    ISBN: 9780730335924

    The Lecturer and Tutors will make reference to this textbook throughout the course so each student should ensure that they have their own copy.
                 

    2.  Statute/Legislation

    Corporations Act 2001 (edition 2019)
    Publisher: CCH, Butterworths or Thomson Lawbook

    It is essential that students purchase this legislation as the subject lecturers and tutors will refer to the relevant sections during the course.

    The Corporations Act 2001 is also available at www.austlii.edu.au
    Recommended Resources
    Students may find the following additional textbook helpful but are not expected to purchase it:
     
    Lipton P, Herzberg A and Welsh, M, Understanding Company Law, 19th Edition, 2018
    Publisher: Thomson Reuters
    ISBN: 9780455240213
    Online Learning
    INTERNET SITES

    Lecture slides, tutorial questions, other course materials and resources, additional web-links, assessment and important messages relating to the course will be placed on MyUni throughout the course. MyUni can be found at www.myuni.adelaide.edu.au

    Students will also find materials such as case law, legislation and other information related to the topics in the course at the following internet sites:

    Australian Securities and Investments Commission: www.asic.gov.au  

    State and Commonwealth Cases, Legislation and legal journal articles: www.austlii.edu.au 


     
  • Learning & Teaching Activities
    Learning & Teaching Modes
    1. TEACHING AND LEARNING MODES

    Teaching will be by way of:

    (i)  One two-hour lecture per week and

    (ii) One one-hour tutorial each week (tutorials commencing in week 2 of semester) and



    2. TUTORIALS

    Tutorials are a vital component in this subject. As such, it is important that students attend tutorials. The ability to recognise and
    discuss relevant legal issues in a commercial scenario is the primary aim of this subject. In tutorials students are expected to engage in the learning process and actively participate in class discussions. At times in tutorials students will be divided into small groups whereby there will be presentations by students of the tutorial problems.

    Preparation, attendance and participation in the Tutorials forms part of the assessment for the course (see below Assessment Detail).
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course of private study
    outside of your regular classes.

    Students in this course are expected to attend all lectures throughout the semester plus their allocated one hour tutorial class each week.
    Learning Activities Summary
    1.  LECTURE TOPICS

    Lectures will cover the following topics:
     
    Sole Traders
    Partnerships
    Joint Ventures
    Syndicates
    Trusts
    The Concept of Corporate Personality
    Types of Companies
    Registration of Companies
    The Corporate Constitution and Replaceable Rules
    Promoters
    Pre-Registration Contracts
    Company Contracts
    Criminal Liability of Companies
    Tortious Liability of Companies
    Management of Companies
    Directors and Other Officers
    Directors and Senior Management Duties
    -Common Law and Equity
    - Corporations Act
    Company Financial Reporting
    Auditors
    Members’ Rights
    Shares
    Dividends
    Corporate Borrowing
    External Administration


    2.  WEEKLY LECTURE TOPIC GUIDE

    Week Number          Lecture Topic

                                 Course Introduction, Administration and Assessment

                                    Sole Traders

                                    Partnerships Part 1
                                    Definition of a Partnership
                                    Existence of a Partnership
     
    2                              Partnerships Part 2
                                    Existence of a Partnership (cont’d)
                                    Wrongful Acts of the Partners
                                    Power of a Partner to Bind the Firm
                                    Holding Out as a Partner
                                    Rights of Persons Dealing with the Partnership
                                    Relations between Partners
     
    3                              Partnerships Part 3
                                    Relations between Partners (cont’d)
                                    Partnership Property
                                    Dissolution of a Partnership
     
                                    Syndicates
     
                                    Introduction to Trusts
                                    Definition of a Trust
                                    Trustee’s Duties
                                    Trustee’s Liabilities
     
    4                              Corporations
                                    The Concept of Corporate Personality
                                    Types of Companies
                                    Registration of Companies
                                    Constitution and Replaceable Rules
     
    5                              Corporations
                                    Promoters
                                    Pre-Registration Contracts
                                    Company Contracts
     
    6                              Corporations
                                    Company Contracts (cont’d)
                                    Criminal Liability of Companies
                                    Tortious Liability of Companies
                                    Management of the Company

    7                               Corporations
                                     Directors and Other Officers
                                     Directors and Senior Management Duties
                                     · Common Law and Equity
     
    8                               Corporations
                                     Directors and Senior Management Duties
                                     · Corporations Act 
     
    9                               Corporations
                                     Directors’ Duty to Prevent Insolvent Trading
                                     Company Financial Reporting and Auditing
     
    10                             Corporations
                                     Company Financial Reporting and Auditing (cont’d)
     
    11                             Corporations
                                     Members’ Rights
     
    12                             Corporations
                                     Shares
                                     Dividends
                                     Corporate Borrowing
                                     External Administration
    Small Group Discovery Experience
    N/A
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Assessment Task Task Type Release Date Due Weighting Length Redeemable Learning Outcome
    Tutorial
    Preparation,
    Attendance and
    Participation
    Individual N/A N/A 10%
    (Compulsory)
    1 hour weekly No 1,2,3,4,6
    Take-Home Class
    Test
    Individual 12.00 midday Friday 29 March 2.00pm Friday 5 April 30%
    (Compulsory)
    Max. 2,500
    words
    No 1,4,5,6
    Final Exam Individual Examination Period Examination Period 60%
    (Compulsory)
    3 hour exam plus
    10 minutes
    reading time
    No 1,2,4,5
    Assessment Related Requirements
    N/A
    Assessment Detail
    1.  ASSESSMENT DETAIL

    The assessment components are as follows:

    1.1  Tutorial Preparation, Attendance and Participation (compulsory) 10%

    You must attend the weekly (commencing week 2) tutorial you are enrolled in to gain marks for preparation, attendance and participation.  Only a medical certificate or some significant reason as set out in the University's Modified Arrangements for Coursework Assessment (MACA) Policy accepted in writing by the Course Coordinator will excuse you
    from attending.

    1.2  Take-Home Class Test/Assignment (compulsory) 30%

    Date and Time Posted to MyUni site: 12.00 midday Friday 29 March

    Date and Time Due: 2.00pm Friday 5 April

    Maximum Word Length: 2,500 words

    The test/assignment is an open book test/assignment.

    1.3  Final Exam (compulsory) 60%

    There will be a 3 hour exam plus 10 minutes reading time.

    The exam is an open book exam.

    Official Reading Time:          10 mins
    Writing Time:                       180 mins

    Total Duration:                      190 mins

    Please note that the following materials are permitted within the exam room:
    · Prescribed textbook and any other textbooks, legislation, course materials and handouts, your own lecture notes and other summaries or notes written and prepared by you, and not prepared by or taken from someone else.

    · English or English/foreign language dictionary (paper only).

    The above materials may be typed.

    The above materials may have additional handwritten written comments.
    Submission

    INSTRUCTIONS TO CANDIDATES FOR CLASS TEST/ASSIGNMENT:

    1. THE TEST/ASSIGNMENT IS COMPULSORY – All students must undertake the Test/Assignment as part of the assessment for the course.

    2. ANSWER BOTH QUESTIONS 1 AND 2.

    3. QUESTION 1 is worth 20 marks.

    4. QUESTION 2 is worth 10 marks.

    5. This is a ‘Take-Home’ and ‘Open Book’ test/assignment worth 30% of your overall grade for this subject.

    6. Your answer must be no more than 2,500 words in content excluding footnotes. A penalty of a 3-mark reduction in mark will be imposed for every 100 words over the word limit.

    7. Your answer must be type written and double spaced.  A font of not less than 12 must be used, and a word count shown at the end of your test answer. An answer that does not have a word-count may not be marked.

    8. You must use footnotes to reference your answer NOT endnotes.  Footnotes should not, however, include content that is
    essential to the reasoning on an issue. In other words, do not put any substantive or important text relevant to your answer in the footnotes as marks will generally not be given to the content of footnotes. 

    The footnotes do not count in the word-count.

    9. DO NOT PRINT OUT OR SUBMIT A COVER SHEET. 

    10.   DO NOT SUBMIT A PAPER COPY OF YOUR ANSWER.  Students should ensure that a copy of the test/assignment answer is kept by the student. 

    11.  Students please note that for your Class Test/Assignment answer, you must submit using the "Turnitin" process done through the MyUni site before 2.00PM FRIDAY 5 April.

    Turnitin is a computer programme that detects plagiarised work.  

    To submit your answer:

    (i)    On the MyUni site for the subject, click on the left-hand-side of the menu called “Assignments”.  This will give you access to the submission window. 

    (ii)   The submission window is called “Take-Home Class Test Submission Portal”.  Click on this heading.

    (iii) Follow the instructions to upload your answer.

    Please note that your answer can only be uploaded once. Do not attempt to submit any further or revised answers
    before the closing date.

    12. Late submission of the test/assignment will attract a penalty, of a reduction in mark, of 10% (3 marks) for each day or part thereof.


    13. A request for a re-mark of a test/assignment must be made within 10 business days of the results being made available on MyUni. Requests made outside this time limit will not be considered.

    14. Assessment Criteria

    (i)   The extent to which the answer identifies relevant partnership law and company law issues and sets out sound reasoning in support of the discussion.

    (ii)   The extent to which the answer demonstrates knowledge and understanding of relevant topics of partnership law and company law, including having references to relevant sections of the Partnership Act 1891 (SA), the Corporations Act 2001 (Cth) and applicable case law.

    (iii)   Whether the answer is easy to read and understand. Students should use relevant headings and sub-headings
    to assist ease of reading.  The headings and sub-headings do not count in the word-count.

    (iv)   As Question 1 is a research question,  you are expected to show evidence of greater reading and knowledge beyond the textbook, Course Readers, lecture slides and materials for the course.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Courses for which a result of conceded pass has been obtained may not be presented towards the degree requirements for the Bachelor of Laws or the Honours Degree of Bachelor of Laws programs, or any postgraduate law program, nor to satisfy prerequisite requirements within any law course.

    Final results for this course will be made available through Access Adelaide.

    Finality of Assessment Grades

    Students are advised that Course Coordinators will not enter into negotiations of any kind with any student regarding changes to their grades. It is irrelevant, in any given circumstance, that only a minimal number of additional marks are required to inflate a student’s grade for any individual assessment item or course as a whole. Pursuant to the University’s Assessment for Coursework Programs Policyand the Adelaide Law School Assessment Policies and Procedures, grades may only be varied through the appropriate channels for academic review (such as an official re-mark).

    Moderation
    In accordance with the University’s Assessment for Coursework Programs Policy, course coordinators ‘ensure that appropriate marking guidelines and cross-marking moderation processes across markers are in place’ in each course. Procedures adopted by Adelaide Law School to ensure consistency of marking in courses with multiple markers include:
    • assurance of the qualifications of markers, and their knowledge of the content covered in each course;
    • detailed marking guidelines and assessment rubrics to assist in the marking of items of assessment;
    • sharing of example marked assessments at various grade bands across markers;
    • reviewing of selected marked assessments from each marker by the course coordinator;
    • comparison of the marks and their distribution across markers;
    • automatic double-marking of all interim assessment receiving a fail grade, and of final assessments where a student’s overall result is a fail grade;
    • the availability of re-marking of assessments in accordance with Adelaide Law School’s Assessment Policies and Procedures.

    Approval of Results by Board of Examiners
    Students are reminded that all assessment results are subject to approval (and possible moderation/change) by the Law School’s Board of Examiners. Assessment results at the University are not scaled. Under the Assessment for Coursework Programs Policy, students are assessed ‘by reference to their performance against pre-determined criteria and standards … and not by ranking against the performance of the student cohort in the course’. However, under that same policy, the Board of Examiners (as the relevant Assessment Review Committee for courses at Adelaide Law School) is required to ‘ensure comparability of standards and consistency’ in assessment. On occasions, the Board of Examiners will form the view that some moderation is required to ensure the comparability of standards and consistency across courses and years, and accordingly provide fairness to all law students. All assessment results are therefore subject to approval (and possible change) until confirmed by the Board of Examiners and posted on Access Adelaide at the end of each semester.
  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
    The University Writing Centre provides academic learning and language development services and resources for local, international, undergraduate and postgraduate coursework students enrolled at the University of Adelaide.

    The centre offers practical advice and strategies for students to master reading, writing, note-taking, time management, oral presentation skills, referencing techniques and exam preparation for success at university through seminars, workshops and individual consultations.

    Lex Salus Program
    Lex Salus (law and wellbeing) is an initiative of the Adelaide Law School aimed at destigmatising mental health issues; promoting physical, mental and emotional wellness; building a strong community of staff and students; and celebrating diversity within the school. It also seeks to promote wellness within the legal profession, through the involvement of the Chief Justice of the Supreme Court of South Australia, the Honourable Chris Kourakis, as the official Patron of the program.

    Students can participate in the Lex Salus program by attending barbecue lunches, pancake breakfasts, knitting and crochet circles, seminars, guest speakers, conferences and other activities. Our Facebook page, website and regular all-student emails promote upcoming events, and have tips and information on wellness.

    Our Lex Salus YouTube channel also includes videos on topics like managing stress, and interviews with LGBTQ lawyers and their supporters which celebrate diversity and individuality. Students who commit to 10 hours of volunteering with Lex Salus in one year can have their service recognised on their academic transcript and through a thank you morning tea with the Chief Justice and law school staff.

    Student Life Counselling Support
    The University’s Student Life Counselling Support service provides free and confidential service to all enrolled students. We encourage you to contact the Student Life Counselling Support service on 8313 5663 to make an appointment to deal with any issues that may be affecting your study and life.
  • Policies & Guidelines

    This section contains links to relevant assessment-related policies and guidelines - all university policies.

    Academic Honesty
    Academic dishonesty is a serious act of academic misconduct. All students must be familiar with the University’s Academic Honesty Policy.

    Academic dishonesty is a serious matter and is treated as such by the Law School and the University. Academic dishonesty (which goes beyond plagiarism) can be a ground for a refusal by the Supreme Court of South Australia to admit a person to practice as a legal practitioner in South Australia.

    Academic honesty is an essential aspect of ethical and honest behaviour, which is central to the practice of the law and an understanding of what it is to be a lawyer.
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.