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Summary - Business Law
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Summary of 7 pages for the course Business Law at ULaw (notes)
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BUSINESS LAW 1BUSINESS LAW 1
LARGE GROUP 10
Student Guide
Consolidation
Context
In this Large Group you will start to consolidate your knowledge of the Business Law
1 Module. You will review the topics that you covered in the Module. You will then be
introduced to the format of the Business Law 1 assessment and given some advice
on how to approach the assessment.
Outcomes
By the end of this Large Group you should be able to:
1. Describe the format of the Business Law 1 assessment.
2. Understand the approach to answering the following question-types:, essay,
problem and part-essay part-problem.
1. Introduction
2. A Review of the Business Law 1 Module
Incorporated and unincorporated businesses, legal personality and
limited liability
Partnership
Setting up company, company constitutions
Corporate governance
Role of Ds, D powers and authority
D’s duties-
SH rights and powers
Minority SH
Limited liability partnerships; groups of companies
a) Lg1/w1
- Business entities
- Corporate personality
- Limited liability
- Corporate governance
unoconv_633766281.docx 71 © The University of Law Limited
, - D powers
b) Lg2/w2
- Ordinary partnership
- Comes to existence
- PA 1890 – regulates fiduciary relationship between firm and third parties
c) Lg3/w3
- Characteristics of limited companies
- How companies raise finance e.g., Shares, Share capital
- Regulatory requirements / documentation regarding companies and
setting them up
- Model articles
d) Lg4/w4
- Corporate governance
- Balance of power between D and SH
- Relationship between D and company
- Powers of D / authority
- Agency
e) Lg5/w5
- Conflicts of interest – when conflicts must be declared s.171-177 CA
- Model article 3 – management powers of Ds
- Board meetings procedures, transactional conflicts
f) Lg7/w7
- Role of SH in company
- SH rights and powers
- Balance of power
- Checks and balances between them
- Ordinary and special resolutions
- How name of company can be amended by SR
- How to dismiss D by OR through general meeting
g) Lg8/w8
- Role of SH – how they can exercise powers without GM
- SPTs/loans to D or companies/connected persons
h) Lg9/w9
- Minority SH position within company
- CA 2006 – protection for minority SH
- Derivative action
- Unfair prejudice
i) Lg10/w10
- LLPs
© The University of Law Limited 72 unoconv_633766281.docx
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