Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Business Law LAW1001

  • Academic Session: 2022-23
  • School: School of Law
  • Credits: 20
  • Level: Level 1 (SCQF level 7)
  • Typically Offered: Semester 2
  • Available to Visiting Students: Yes
  • Available to Erasmus Students: Yes

Short Description

The aim of the course is to provide students with a knowledge of modern Business law in theory and practice.


 Monday 1600-1700, Thursday and Friday 1100-1200.


4 Fortnightly tutorials

Requirements of Entry


Excluded Courses

Obligations 1B

Business Organisations




Summative Assessment will be by class essay (25%) and a two hour exam (75%)

Main Assessment In: December

Course Aims

The aim of the course is to:

■ Introduce non law students to the concepts and sources of UK Business Law

■ Introduce students to the essential elements of the legal system including the main sources of law

■ Enable students to recognise and apply the general principles of the law of obligations (in particular the law of formation of contracts, breach of contract, unfair contract terms and the law of negligence)

■ Enable students to identify the contract of employment and the basic principles underlying dismissals and redundancy

■ Enable students to identify the basic constitutional documents of a limited company

■ Provide students with an understanding of how a limited liability is formed and operates through its board of directors

■ Explain the differences between loan and share capital

■ Emphasise the legal, professional and ethical issues which arise in the course of professional practice as a solicitor or accountant

■ Explain the remedies of a minority shareholder

■ Explain the duties incumbent upon a company director

■ Explain various forms of trust

■ The London Stock Exchange

■ Issuing securities to the public


and also to encourage and enable students

■ To take responsibility for effective individual and group discussion and problem solving exercises

■ To develop problem solving skills

Intended Learning Outcomes of Course

By the end of this programme students will be able to:


■ Understand the role and nature of law, sources of law and the impact of the Human Rights Act on legislation

■ Use the Companies Act as a primary source material

■ Understand the procedure involved in the formation of a limited liability company

■ Identify the main commercial differences between a company and partnership as a business vehicle

■ Explain the major legal implications of debt and equity funding

■ Recognise the Articles of Association as being the primary constitutional document of a company

■ Explain the remedies of a minority shareholder

■ Recognise and explain the duties incumbent upon the officers of a company

■ Identify the various forms of insolvency proceeding

■ Recognise the elements of a legally binding contract

■ Recognise the ways in which contracts may be concluded by agents

■ Identify the remedies for breach of contract

■ Identify the circumstances in which a party may be entitled to the exercise remedies for breach of contract

■ Identify the legal issues surrounding the concept of negligence and, in particular, negligent misstatements

■ Identify an employee and the consequences of the status of an employee compared to other workers

■ Explain the nature of redundancy and the procedures of information and consultation to be followed in the context of redundancy

■ Identify various forms of trust

■ Define the key elements of intellectual property

■ Identify legal and regulatory issues associated with the use of information technology

■ Identify the key requirements of the Data Protection Act and the Freedom of Information (Scotland) Act and the Freedom of Information Act

■ Identify the issues that must be considered when considering the ambit of the Money Laundering Regulations 2007

■ The London Stock Exchange and issuance of securities to the public

Minimum Requirement for Award of Credits