BB107 - Commercial Law
Credit Points: 15 credit points
Workload: 36 hours
Aims & Objectives
This is a first-year core unit offered in the Bachelor of Business program. The unit provides a pathway for students to continue on with a major in Management, Marketing and Accounting. For Course Learning Outcomes and further information relating to Bachelor of Business programs please visit our website: http://www.mit.edu.au/study-with-us/programs/bachelor-business.
The unit provides an introduction to the underlying concepts and objectives of business law. Emphasis is placed on both theoretical and practical aspects of business law. The course aims to provide the students with an overall understanding of business and law in Australia today.
Unit topics include:
- Australian legal system
- How laws are developed
- Tort law and insurance
- Contract law
- Australian consumer law and restrictive trade practices
- Business structures
The Course learning outcomes applicable to this unit are listed on the Melbourne Institute of Technology’s website: www.mit.edu.au
At the completion of this unit students should be able to:
a. Discuss the Australian Legal System and how laws are developed and implemented.
b. Evaluate the main issues relating to business crime and business issues.
c. Apply legislation and case law to practical and theoretical problems in tort, insurance, contract law, consumer and restrictive trade.
d. Apply electronic commerce and intellectual property principles to practice and theoretical problems.
e. Demonstrate an understanding of the main business structures which are permissible within the Australian legal system.
|Assessment Task||Due Date||A||B||Unit Learning Outcomes|
|1. Formative Assessment||Week 3||-||5%||a|
|2. Contribution in Class||Weeks 1-12||-||5%||-|
|3. Assignment [Individual]||Week 7||20%||-||a-e|
|4. Assignment [Group]||Week 10||20%||-||a-e|
|5. Case Study Analysis [Individual] (3 hours)||TBA||-||50%||a-e|
Task Type: Type A: unsupervised, Type B: supervised.
Contribution and Participation (5%)
This unit has class participation as an assessment. The assessment task and marking rubric will follow the Guidelines on Assessing Class Participation (https://www.mit.edu.au/about-us/governance/institute-rules-policies-and-plans/policies-procedures-and-guidelines/Guidelines_on_Assessing_Class_Participation). Further details will be provided in the assessment specification on the type of assessment tasks and the marking rubrics.
NOTE: All School of Business units 3-hour workshops Flipped Classroom Mode.
Textbook and Reference Materials
Note: Students are required to purchase the prescribed text book and have it available each week in class.
Prescribed Text Book:
- Graw, S., Parker, D., Whitford, K., Sangkuhl, E., Do, C. (2019). Understanding Business Law, 9th edition. NSW, Australia: Lexis Nexis Butterworths.
Other recommended references:
- Hanrahan, P., Ramsay, I. & Stapledon, G. (2020). Commercial Applications of Company Law. Melbourne: Oxford University Press.
- Australasian legal Information Institute: www.austlii.edu.au.
- Australian Government: Securities and Investment Commission: www.asic.gov.au.
- Australian Securities Exchange [ASX]: www.asx.com.au.
- Companies and Markets Advisory Committee [CAMAC]: www.camac.gov.au/camac/camac.nsf.
- Corporations Act 2001: www.austlii.edu.au/au/legis/cth/consol_act/ca2001172.
The Referencing style for this using is APA: See the MIT Library Referencing webpage: https://library.mit.edu.au/referencing/APA and the Unit Moodle page for additional referencing support material and weblinks.
MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:
|Ability to communicate||Independent and Lifelong Learning||Ethics||Analytical and Problem Solving||Cultural and Global Awareness||Team work||Specialist knowledge of a field of study|
|Levels of attainment||Extent covered|
|The attribute is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations.|
|The attribute is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations.|
|The attribute is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations.|
|The attribute is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials.|
|The attribute is not considered, there is no theory or practice or activities associated with this attribute.|