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.

DETAILED SYLLABUS

A. Legal system

• 1. Court structure
• 2. Sources of law
• 3. Human rights.

B. Law of obligations

• 1. Formation of contracts
• 2. Content of contracts
• 3. Breach of contract and remedies
• 4. The law of torts
• 5. Professional negligence

C. Law of employment

• 1. Contract of employment
• 2. Dismissal and redundancy

D. Company formation and constitution

• 1. Agency law
• 2. Partnerships
• 3. Corporations and legal personality
• 4. Company formations

E. Company capital and financing

• 1. Share capital
• 2. Loan capital
• 3. Capital maintenance and divided law.

F. Company management, administration, and regulation

• 1. Company directors
• 2. Other Company Officers
• 3. Company meeting and resolutions

G. Companies in difficulty or in crisis

• 1. Insolvency

H. Corporate governance, ethics, and appropriate behaviour

• 1. Corporate governance
• 2. Fraudulent behaviour

APPROACH TO EXAMINING THE SYLLABUS
The syllabus is assessed by a three-hour paper-based examination. The examination will consists of seven 10-seven 10-mark questions assessing knowledge of the law, and three 10-mark application questions.