Fundamentals of Business and Corporations Law - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: No
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2017: SP1 , SP3
  • Availability for 2018: SP1 , SP3
  • Assessment: Invigilated Exam (50%) , Test 1 - Take home - essay (25%) - Learn more

Unit provided by

2017 Fees
Domestic 3,375.00
International 3,625.00

This unit introduces the Australian Legal System and then focuses on fundamental legal rules and regulations relating to Contract Law and Corporations Law. The unit covers basic principles of Contract Law with particular reference to business entities including the nature and legal consequences of contract, formation of contract, terms of a contract and capacity of parties; misleading conduct in contracts; discharge of contract and remedies for breach of contract. The unit will also examine business structures and provide an overview of basic Corporations Law including the formation of companies under Australian law and consequences of incorporation; company internal rules; management and contracting; corporate governance including membership, meetings and directors duties, members remedies, accounts and financial reporting and audit; and external administration of companies.

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Find out more about the Academic Integrity module.

At the completion of this unit students will be able to:

  1. recognise the fundamentals of the Australian legal system and its similarities and differences with other systems in the world, including how laws are made in Australia and the hierarchy of the court system as a basis for learning the Law of Contract and Corporations Law
  2. interpret and critique legislation and case law to determine how they apply to various contractual and corporate situations
  3. apply relevant legal principles to solve hypothetical contractual and corporate law problems to demonstrate critical thinking and problem solving skills.
  • Invigilated Exam (50%)
  • Test 1 — Take home - essay (25%)
  • Test 2 — Short problem questions (25%)
For more information on invigilated exams see Exams and results

There are no prerequisites for this unit.

  • Additional materials

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1An introduction to the Australian legal system, an introduction to contract; the offer
2Acceptance, intention to be bound
3Consideration; contents of a contract
4Exempting, excluding and limiting terms; misrepresentation
5Discharging a contract; remedies
6Types of companies registration
7Consequences of registration; internal rules
8Management of companies; corporate liability; contract, tort and crime
9Membership; meetings; directors duties part 1
10Directors duties part 2 and 3
11Members rights and remedies; financial reports and audit

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission
  • Podcasting/Lecture capture
  • Standard Media

This unit is a core requirement in the following courses:

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Business and Corporations Law, 3rd edition

    By:Fitzpatrick, Symes et al

    ISBN: 9780409343311


    Supplier:Go to The Co-op Bookshop

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