APPLIES TO ACADEMIC YEAR 2015/2016 Norwegian version

REV 3677 Business Law

Responsible for the course
Thorunn Falkanger

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
10

Language of instruction
Norwegian

Introduction

• The legal system
  Sources of law and legal methods
• Administrative law
  The concepts of administrative law. The Civil Services Act, the Open Files Act and the Ombudsman Act are discussed. Special emphasis is placed on the rules of procedure, the legal competence rules, party rights and the right to lodge complaints.
• Contract law
  Contract formation (Contract Act, Ch. 1). The law of agency (Contract Act Ch. 2) Contractual invalidity rules (Contract Act Ch. 3, etc.) The rules concerning the legal capacity of minors, the incapacitated and the insane to act.
• Law of sales
  The concepts of the law of sales. Consumer protection. The rules of law concerning delays and defects. Contractual law of tort.
• Law of negotiable instruments
  The common provisions on contracting a monetary claim and the content of these provisions, as well as overdue payment, counterclaims, limitation and joint liability (including guarantees). In-depth coverage of the law and rules on debt instruments, bearer debt instruments and simple debt instruments.
• Law of mortgages and pledges
  Study of the law of mortgages and pledges with a review of the various groups of pledges and the various pledging methods with a special focus on the legal protection rules.
• Company law
  The Partnerships Act and the Companies Act with a special emphasis on mortgage rules, decision-making processes, practice of authority and company representation. Related issues are also discussed such as the law of business names, the law of procuration.
• Law of property and bona fide purchase
  An introduction is given to the rules on what applies when the seller was not entitled to sell or give up the object/property.
• Debt negotiations and bankruptcy
  An introduction is given to the main rules of the debt enforcement law and an overall presentation of the law of bankruptcy with a special emphasis on the bankruptcy terms, annulment rules and the contractual obligations of the debtor in bankruptcy. A review of the economic terms for spouses/cohabitants with the main emphasis on the rules that are important for their creditors.
• Financial crime
  Selected parts of the Criminal Code, the Accounting Act, the Tax Assessments Act, the Tax Payment Act and the Value Added Tax Act.

Activity	Hours
Lectures
Seminars
Preparations for class	20
Self-study/reading of syllabus	86
Work on cases/assignments	16
Multiple-choice examination	3
Total recommended use of hours	160

Activity	Hours
Lectures
Seminars
Preparations for class	30
Self-study/reading of syllabus	125
Work on cases/assignments	24
Multiple-choice examination	6
Total recommended use of hours	240