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COURSE INFORMATION
Confidential
Course Code
LAW 166/379/251/299
Course Name
BUSINESS LAW
Level
Diploma
Total SLT
Part
Course Status
(Core/Non Core)
Core
Prerequisite
None
Course Outcomes
At the end of the course, students should be able to:
1. Define the basic legal requirements relating to business law in Malaysia.
2. Recognize the basis of a valid contract and its implications.
3. Apply the legal principles in solving relevant problems.
Course Description
This course provides an overview of the major aspects of business law. Topics covered
are legal aspects of business organization, law of contract, law of agency, hire purchase,
sale of goods and negotiable instruments.
Syllabus Content
1. Legal Aspects of Business Organisation
1.1 Basic definition and characteristics
1.1.1 Sole proprietorship
1.1.2 Partnership
1.1.2.1 Elements of partnership (Section 3 of Partnership Act 1961 )
1.1.2.2 Dissolution of Partnership
1.1.3 Company
1.1.3.1 Separate Legal Entity
1.2 Differences between sole proprietorship, Partnership, Company
2. Law of Contract
2.1
Introduction
2.2
2.2.2 Consideration
Definition
Types
Rules governing consideration and their exceptions
2.2.3 Capacity
Minors
Sound Mind
Disqualification
2.3
Free Consent
2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
Coercion
Undue Influence
Fraud
Misrepresenataion
Mistake
2.4
Discharge of Contract
2.4.1 Performance
2.4.2 Agreement
2.4.3 Impossibility of Performance
2.4.4 Breach of Contract
2.5
Rescission
Damages
Specific performance
Injunction
Quantum meruit
3.Law of Agency
3.1
Introduction
- Definition of agency
3.2
Creation of agency
- Express appointment
- Implied appointment
- Ratification
- Necessity
- Estoppel
3.3
Types of authority
- Actual Authority
- Apparent authority
3.4
Terms of contract
Conditions and warranties
4.3
Implied terms
Section 14
Section 15
Section 16
Section 17
4.4
Transfer of title
Nemo Dat Quod Non Habet Rule
Exemptions to the rule
4.5
5.2
Introduction
Nature of hire purchase agreement
Formalities for valid hire purchase agreement
5.4
Repossession
Procedure of repossession
Hirers right after repossession
6. Negotiable Instruments
Characteristics of Cheques
Crossing of cheques
Alteration of cheque
Protection of Paying bank and Collecting bank
Teaching Methodology
a)
b)
c)
Lectures/Tutorial
Presentation sessions
Blended learning
Assessment
Coursework:
a) Test
b) Assignment/presentation
20%
20%
40%
Final Examination
60%
Recommended Text
-
References
STATUTES
1.
2.
3.
4.
5.
6.
7.
COURSE CODE
LAW 166/379/251/299
COURSE NAME
BUSINESS LAW
CREDIT HOURS
CENTRE OF
STUDY
UPDATED BY
DATE
TEACHING
METHODOLOGY
PROGRAM OUTCOMES
COURSE OUTCOMES
PO1
PO2
PO3
PO4
PO5
PO6
PO7
PO8
PO9
PO10
requirements relating to
commercial
law
ASSESSMENT
PO11
Lectures\
Tutorials
Coursework &
Final
Examination
Lectures\
Tutorials
Coursework &
Final
Examination
Lectures\
Tutorials
Coursework &
Final
Examination
in
Malaysia.
b. Recognize the basis of
principles in solving
relevant problems.