To develop knowledge and skills in the understanding of the general legal framework,and of specific legal areas relating to business,recognising the need to seek further specialist legal advice where necessary.

MAIN CAPABILITIES

On successful completion of this paper students should be able to:

A Identify the essential elements of the legal system,including the main sources of law

B Recognise and apply the appropriate legal principles relating to the property law

C Describe and explain legal rules relating to the employment relationship by labour contract

D Explain and apply the law relating to contract

E Explain and apply the major rules relating to business organisations in the various forms of company

F Explain and apply the major rules relating to the enterprise bankruptcy

G Explain and apply the major rules relating to corporate finance through stocks and corporate bonds

H Demonstrate an understanding of corporate governance and issues relating to business.