REV 3677 Business Law

REV 3677 Business Law

Course code: 
REV 3677
Department: 
Law and Governance
Credits: 
10
Course coordinator: 
Thorunn Falkanger
Product category: 
Bachelor
Portfolio: 
Bachelor of Accounting and Auditing - Programme Courses
Semester: 
2019 Autumn
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
Associate course
Course codes for multi- or associated courses.
REV 3678 høst
REV 3679 vår
Learning outcomes - Knowledge

The students shall acquire an adequate legal understanding of central issues in the statutory framework that are important in auditing.
 

Learning outcomes - Skills

The students shall be able to identify legal issues and be capable of analyzing a problem complex on the basis of legal sources. The students shall be able to give an account of legal factors and responsibility related to auditing tasks in the private business sector, organizations and the public sector.

General Competence

The students shall develop ability for ethical thinking, i.e. ethical traditions, norms and values in modern society. This ability will contribute to an increased understanding of laws, regulations and case law and to developing the students’ ability to deal with ethical problems in a conscious manner.

Course content

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.
Teaching and learning activities

The course is taught over two terms with a total of 90 teaching hours organized in the following way:  

The first part of the course REV 3678 is taught in the autumn semester with 27 lecture hours and 8 seminar hours for written assignments. The autumn term ends with a 3-hour individual written exam that is graded pass/fail.

The second part of the course REV 3679 is taught in the spring term with 41 hours of lectures and 14 seminar hours for assignments. The spring term ends with a 6-hour individual written examination. 

Before each lecture students are expected to study the syllabus and the subject to be lectured on. The assignment programme is extensive and the purpose is for the students to apply actual knowledge and to practice solving assignments. The students are expected to acquire knowledge of parts of the syllabus through self-tuition.

Software tools
No specified computer-based tools are required.
Additional information

The candidate must have grade C or better at the exam in this course in order to be approved as a registered auditor. (registrert revisor).

Re-sit examiniation
Re-sit examination is offered every semester for REV 36771 and REV 36772.

Qualifications

Higher Education Entrance Qualification

Required prerequisite knowledge

No specific prerequisites is required

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV36771
Grading scale:
Pass/fail
Grading rules:
Internal and external examiner
Resit:
Examination every semester
0Yes3 Hour(s)
  • Laws and regulations, including offprints of laws and law drafts
Individual
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV36772
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes5 Hour(s)
  • Laws and regulations, including offprints of laws and law drafts
Individual Both exams must be passed to obtain a final grade in the course.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:0
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • Laws and regulations, including offprints of laws and law drafts
Duration:3 Hour(s)
Comment:
Exam code:REV36771
Grading scale:Pass/fail
Resit:Examination every semester
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • Laws and regulations, including offprints of laws and law drafts
Duration:5 Hour(s)
Comment:Both exams must be passed to obtain a final grade in the course.
Exam code:REV36772
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching43Hour(s)
Other in classroom12Hour(s)
Prepare for teaching50Hour(s)
Self study107Hour(s)
Group work / Assignments40Hour(s)
Examination8Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:43 Hour(s)
Comment:
Workload activity:Other in classroom
Duration:12 Hour(s)
Comment:
Workload activity:Prepare for teaching
Duration:50 Hour(s)
Comment:
Workload activity:Self study
Duration:107 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:40 Hour(s)
Comment:
Workload activity:Examination
Duration:8 Hour(s)
Comment:
Sum workload: 
260

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 10 ECTS credit corresponds to a workload of at least 270 hours.