APPLIES TO ACADEMIC YEAR 2013/2014

REV 3577 Business Law

Responsible for the course
Thorunn Falkanger

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
15

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.

E-learning
The e-learning platform It’s learning is used by the e-learning centre to administrate the mandatory exercises, and make students able to communicate with each other ant the Lecturer. Module sessions are carried out at the beginning of the semester and before exams. The e-learning students are also offered a study guide which is an educational guide to the syllabus.


Examination
The grade in the course will be based on the following evaluations:

Part 1 – A three-hour individual written exam at the end of the autumn term. Pass/Fail.
Part 2 - Final exam – A six-hour individual written exam at the end of the spring term.

Both exams must be passed to obtain a final grade in the course.

Examination code(s)
REV 35771 - 3-hour written exam, Pass/fail.
REV 35772 - written exam which accounts for 100% of the grade in REV 3577 Business Law, 15 ECTS credits.

Examination support materials
Law text alternatively specail prints without comments for both exams.

Re-sit examination
This course will be lectured last time spring 2014, and re-sit examiniation will be offered autumn 2014 and spring 2015.

Additional information