Course Catalogue

Business Organisations (Scots Law FR) LAW2042

  • Academic Session: 2026-27
  • School: School of Law
  • Credits: 15
  • Level: Level 2 (SCQF level 8)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Collaborative Online International Learning: No
  • Curriculum For Life: No

Short Description

The course introduces students to the various legal structures and mechanisms which facilitate the carrying out of business. Section A considers the law of agency and partnership. Section B focuses on Company Law. Section C considers 'Companies and their Debts' and introduces concepts of secured financing and corporate insolvency.

Timetable

Two one-hour lectures per week, with an additional one hour lecture at the end of each section (A, B, and C). These are shared with LAW2001.

Requirements of Entry

Entry to second year of the Accelerated Scots Law LL.B.

Excluded Courses

Business Law (LAW1001)

LAW2001 (the non-accelerated Scots Law version of this course) and LAW2041 (the Common Law version)

Co-requisites

None

Assessment

This course is assessed by a two-hour exam. The format of the exam is as follows:

 

■ Section A (Agency and Partnership): One modified pre-seen problem question. One week before the exam, students will be given a problem question. In the exam, students will be presented with a modified version of this question (with relevant changes identified), with related questions for them to answer.

■ Sections B (Company Law): two questions will be provided, and a student will need to answer one question.

■ Section C (Companies and their Debts): two questions will be provided, and a student will need to answer one question.

Main Assessment In: April/May

Course Aims

The aim of the course is to enable students to acquire an understanding of the legal framework for business organisations. The course is structured so as to meet the relevant professional requirements of the Law Society of Scotland.

Intended Learning Outcomes of Course

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


- understand and apply the general principles of the law of agency to factual scenarios;
- understand and apply the general principles of partnership law (including the law of limited partnerships and limited liability partnerships) to factual scenarios;

- understand and apply the general principles of company law to factual scenarios;

- understand and apply the general principles relating to the funding of different business entities to factual scenarios;

- identify and explain, by reference to case law or statute or both, the relevant legal sources for the general principles; and

- evaluate the advantages and disadvantages of different legal structures to a business.

Minimum Requirement for Award of Credits

No exceptions