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Business Law 2

Business Law 2 CML2010S

This course is taught in Commerce, Humanities, Science and Engineering & Built Environment. 

Commerce Faculty

This course is compulsory for BBusSci Finance and Accounting, and for BCom Financial Accounting (both the General Accounting and CA streams).

It is a recommended elective for BCom IS and Management Studies.

EBE Faculty

This course is compulsory for Property Studies students (EB017) and is an elective for some Construction Studies Hons(EH003).

Humanities and Science Faculties

This course is offered as an elective in Humanities and Science.

Convenor

CML2010S | Jane Franco                      

Lecturers

CML2010S | Andrew Hutchison

Course Outline

Business law 2 is designed to give students an understanding of commercial transactions, how these are financed and the risks involved. The course covers insolvency, credit agreements, the various forms of security that can be used to finance commercial transactions, as well as insurance. By the end of the course, students should have an appreciation of the types of legal issues that commonly arise in financing transactions, such as how creditors can best secure themselves in the event of non-payment and, ultimately, the risk of insolvency; and how debtors are protected under the National Credit Act.

The course also covers the responsibilities of an accounting officer in the public sector, looking specifically at the Public Finance Management Act 1999, the Municipal Finance Management Act 2003, and related laws.

Lecture times: The course is an intensive one, with 5 contact periods per week for the full semester.

DP requirements:. Coursework is compulsory. If the student does not submit hand-ins or write a test the student will receive a mark of 0 for that assessment (unless granted an exemption). However, such students will be able to write the exam.

Assessment: Coursework 40%; final examination 60%.   

Accreditations

Commerce                 

SAICA (South African Institute of Chartered Accountants) - every three years

ACCA (International version of SAICA) - every five years

Engineering

Department of Construction Economics and Management (part of EBE) - regular review