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DRPS : Course Catalogue : Business School : Business Studies

Undergraduate Course: Law for Business (BUST08043)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 8 (Year 2 Undergraduate) AvailabilityNot available to visiting students
SCQF Credits20 ECTS Credits10
SummaryTHIS COURSE IS RESTRICTED TO YEAR 2 STUDENTS ON MA ACCOUNTING AND FINANCE; MA ACCOUNTING AND BUSINESS; MA ECONOMICS AND ACCOUNTING. Students studying Accounting should enrol on this course in order to gain full accreditation from the professional Accounting organisations. Only for 2021/22, 3rd year students in the above-mentioned programmes are also eligible to enrol for the course.

The aim of the course is to provide students undertaking degrees in business with relevant knowledge in business law. You will gain an appreciation of the legal ramifications of many decisions that business professionals address during working life, developing commercial acumen and advancing your analytical skills.
Course description This course provides the theory and practice required for a basic understanding of law as it impacts business. You will learn about the legal systems and requirements for corporate governance. The curriculum will cover contract, negligence, property, regulation of companies, insolvency, intellectual property and employment law. You will also be introduced to a legal analysis of business cases, which will increase your analytical skills and your commercial awareness.

Outline Content

The course covers the essentials of business law as relevant to a range of business disciplines such as accounting, finance, and corporate governance. It makes no prior assumptions as to your knowledge of law and aims to provide you with a practical knowledge of key areas of law that affect corporate decision-making. This includes inter alia the laws governing business transactions, the administration and regulation of companies, and pertinent obligations in intellectual property and employment.

Course syllabus (indicative)

1. Scottish Legal Systems
2. Sources of Law
3. Contract Law
4. Company Law
5. Agency
6. Partnership
7. Delict
8. Property Law
9. Rights in Security
10. Trusts
11. Insolvency
12. Employment Law
13. Intellectual Property Law
14. Criminal Law

Course content is aligned with the accounting professional body courses for the purposes of professional accreditation. Content is subject to change in line with evolving professional accreditation requirements.

Student Learning Experience
The course will be taught with two hour long lectures delivered weekly, followed by a weekly tutorial. You will be expected to engage in the course by attending the lectures and tutorials and engaging in independent reading and learning.

The course will be assessed as follows:

A three hour exam in the period following semester two made up of two sections: 50% MCQs; 50% written short and long answers. The whole course will be examinable.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: ( Accountancy 1A (ACCN08007) AND Accountancy 1B (ACCN08008) AND Global Challenges for Business (BUST08035)) OR ( Accountancy 1A (ACCN08007) AND Accountancy 1B (ACCN08008) AND Economics 1 (ECNM08013))
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2022/23, Not available to visiting students (SS1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 8, Formative Assessment Hours 2, Summative Assessment Hours 2, Revision Session Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 162 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) Three hour exam in the period following semester two made up of two sections:
- 50% MCQs covering whole course (25 questions worth two marks each)
- 50% short or extended answers covering the whole course.
Feedback Formative feedback will be provided on exercises/cases during lecture and tutorial sessions

Generic exam feedback will be provided after marks have been confirmed by the Board of Examiners and published to students.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Have awareness and understanding of important aspects of business law, including contract, company, intellectual property and employment law .
  2. Apply legal knowledge in analysing business issues and make recommendations in accordance with the broader regulatory framework.
  3. Use legal and analytical skills to convey complex information to a range of audiences.
Reading List
Essential Texts: Corporate and Business Law - Global ACCA Approved study text (2021) BPP
This provides a global analysis of law in an accessible and accredited format for our A&F students.

For more specific and substantial analysis of Scots Law, the following texts are recommended. Students are not expected to purchase these texts and copies should be available from either the Main Library or Law Library.

Business Law in Scotland 4th ed. (2019) Black et. al.
Commercial Law in Scotland 6th ed. (2020) Macgregor et. al.
Mayson, French & Ryan on Company Law 37th ed. (2021) French
Woolman and Black on Contract 6th ed. Black
Additional Information
Graduate Attributes and Skills Communication
- Interpersonal Communication: Using appropriate communication style through understanding the needs of others and showing empathy.
- Cross-Cultural Communication: Sensitivity and understanding the diversity of people and different situations

Personal and Intellectual Autonomy
- Ethics and Social Responsibility: Ability to recognise and address ethical dilemmas, corporate social responsibility and sustainability issues
- Independent Learning and Development: Self-directed lifelong learning as part of continuing personal and professional development.

Personal Effectiveness
- Commercial Awareness: Displaying commercial acumen and knowledge of current local and global business landscapes, industries, organisations and specific roles

Research and Enquiry
- Analytical Thinking: Ability to analyse, synthesise and methodically appraise thoughts to break down complex problems into manageable components
Special Arrangements THIS COURSE IS RESTRICTED TO STUDENTS IN YEAR 2 ON MA ACCOUNTING AND FINANCE; MA ACCOUNTING AND BUSINESS; MA ECONOMICS AND ACCOUNTING. Only for 2021/22, 3rd year students in the above-mentioned programmes are also eligible to enroll for the course.

Students should enroll on this course to gain exemption in the the relevant modules of the respective professional accounting bodies.
KeywordsNot entered
Course organiserMr James Robb
Course secretaryMs Heather Ferguson
Tel: (0131 6)50 8074
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